Last year, Michael Saylor, the executive chairman of MicroStrategy, was the laughingstock of the investment world…

In 2020, MicroStrategy became the first major company to buy bitcoin (BTC) in bulk as part of its corporate treasury reserve strategy.

Today, it’s the largest corporate holder of BTC reserves.

But 2022 was a bumpy ride for Saylor.

By September, bitcoin had cratered from $68,990 to around $19,000 – a staggering 72% pullback from its peak.

He was down about $1 billion on his bitcoin bet… and had just stepped down as CEO at MicroStrategy, the software company he founded in the 1980s.

During the depths of the 2022 Crypto Winter, the mainstream media derided him for proclaiming bitcoin is “100x better than gold.”

Saylor even got into an infamous Twitter feud with financial commentator and “gold bug” Peter Schiff.

Here’s what Schiff tweeted about Saylor in May 2021:

CEO’s who followed @michael_saylor’s asinine advice to plug their balance sheets into #Bitcoin to hedge against an expected annual #inflation rate of 2% are now down as much as 34% on their “hedge” in one month. That’s 17 years of expected inflation losses. Time to pull the plug!

What a difference a year makes…

So far, bitcoin is the best-performing asset of 2023 – up 84% since January. By comparison, gold is only up 12%.

It looks like Saylor is getting the last laugh.

According to Yahoo Finance, MicroStrategy is now profitable on its bitcoin bet.

In its April 5 filing with the Securities and Exchange Commission, the company said it purchased about 1,045 bitcoins for about $29.3 million between March 24 and April 4.

It currently holds about 140,000 BTC at an average price of $29,803 per coin.

This week, bitcoin hit $30,000 for the first time in 10 months. So Saylor is back in the green…

Now, his current gains may not seem like a lot. And of course, bitcoin could drop below $29,803 again. After all, it’s a volatile asset.

But if history is any guide, bitcoin will likely reclaim its all-time high. That would be more than a double from here.

Saylor believes BTC will eventually get to $1 million. So the sky’s the limit.

This is why Daily editor Teeka Tiwari recommends dollar-cost averaging on bitcoin when it’s in a downtrend.

That means systematically investing equal amounts of money in an asset at regular intervals, regardless of its price.

Over any four-year rolling period, it would have been difficult to lost money on bitcoin. The worst four-year period we could find was between December 2017 and December 2021 – when BTC returned 150%.

As Teeka says, “That’s unparalleled performance.”

Just last month, Teeka called bitcoin an “opportunistic buy” below $20,000 – and then predicted it was a chip shot to hit $30,000 after that.

Both predictions proved accurate. And anyone who followed his advice would’ve seen a cool 46% gain in just a couple of weeks.

Of course, the downside of bitcoin is its volatility. Michael Saylor can attest to that.

But as Teeka says, if you believe bitcoin adoption will increase in the future, it’s a must-own asset now. And this could be the last time you see bitcoin at these prices.

According to Teeka, this will be the final Crypto Winter bear market of this type we’ll ever see.

That’s why he recently held a briefing called “Big T’s Final Call.” For a limited time, you can stream it right here.

During the briefing, he’ll tell you why this is the last, best crypto-buying opportunity of our lifetimes. Plus, where to find the best opportunities in this space.

You can watch the replay right here


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Chaka Ferguson
Editorial Director, Palm Beach Daily