Saylor Stands Firm on 'Buy Bitcoin': Cites Scarcity and Future Growth

Bitcoin's vocal advocate and founder of Strategy, Michael Saylor, has once again emphasized his 'buy Bitcoin' theory. In a recent post, he shared a video that addresses the Bernard Arnault test, which categorizes assets desirable for wealthy investors in the long term.

Saylor believes that Bitcoin passes this test due to its scarcity and potential for price growth in the future. He recommends it as a preferred asset for long-term investment, suggesting that thinking like a billionaire involves considering whether an asset will remain in demand years from now.

The Bernard Arnault test is based on the characteristics of assets that wealthy investors like Arnault would consider desirable. According to Saylor, Bitcoin meets these criteria, which has led him to retain his 'buy Bitcoin' stance regardless of market conditions.