Bitcoin's vocal advocate and founder of the world's largest Bitcoin treasury firm, Strategy, has sparked fresh debate on Bitcoin amid the persisting buzz surrounding the asset's recent breakout.
In a recent post shared by Saylor, the Bitcoin veteran shared a video that addresses the popular Bernard Arnault test, with claims that Bitcoin perfectly fits the criteria.
Saylor Explains How to Think Like a Billionaire
Saylor highlighted the Bernard Arnault test, describing it as how wealthy investors should make their investment decisions when in a dilemma about what asset to buy.
According to Saylor, Bitcoin passes the Bernard Arnault test, which was formed and named after the CEO of LVMH, one of the world's wealthiest individuals.
While the test only categorizes assets that would still be considered desirable and in demand many years in the future for wealthy investors, Michael Saylor believes that Bitcoin fits into the category.
In essence, Saylor recommends Bitcoin for anyone who thinks they have a lot of money and wants to invest it, suggesting that it is a way to think like a billionaire.
Saylor Retains "Buy Bitcoin" Theory
Following his statement, Michael Saylor extended his longstanding position that investors should not only ask whether an asset can make them richer, but whether there will still be a strong market of buyers willing to acquire it from them years later.
This explains his relentless acquisition of the world's largest crypto asset by market capitalization, regardless of whether the market is bullish or bearish.
The founder continues to recommend Bitcoin as a preferred asset for long-term investment, emphasizing its scarcity and price potential in years to come.
