Michael Saylor's "Success Isn't Random—It's Calculated" Underscores His Bitcoin Approach

Amid the current drop in Bitcoin's price, Michael Saylor, cofounder and chairman of MicroStrategy, has captured the attention in the crypto

Cofounder and chairman of MicroStrategy, Michael Saylor, has dropped a new statement that’s getting attention in the crypto community. A known bitcoin maximalist, Saylor took to X to share his thoughts, which read: "Success isn’t random—it’s calculated. Bitcoin."

Success isn’t random—it’s calculated. #Bitcoin pic.twitter.com/6dUl37NK6y

An image accompanied Saylor's tweet, explaining his caption. The image featured a mathematical formula derived from Bitcoin variables: 32, which is the total number of halvings to ever occur; 210,000, which is the number of blocks between halvings; 50, which is the number of new Bitcoins issued per block; and 2i, which is the cumulative number of halvings so far.

The statement comes amid a period of volatility in the cryptocurrency market, where bitcoin experienced a significant price drop. Several factors have contributed to the decline, including macroeconomic uncertainties and profit-taking by investors.

Several crypto assets are in the red, with Bitcoin down 3.34% in the last 24 hours to $58,167. Bitcoin saw profit-taking after reaching highs of $61, 194 in yesterday's trading session, falling to an intraday low of $58,027 at press time after losing the $59,000 level.

Ethereum, Shiba Inu, Solana and Chainlink posted losses between 3% and 6%. FET, TAO, WIF and Floki had larger losses between 7% and 18%.

Saylor's statement highlights his approach to Bitcoin. MicroStrategy, Saylor's company, began acquiring Bitcoin in August 2020 as a hedge against inflation and an alternative to cash.

MicroStrategy, led by Saylor, reported holding 226,500 Bitcoin as of July 31, adding a few more coins since its last announced purchase in mid-June. The 226,500 Bitcoins were acquired for a total cost of $8.3 billion, averaging out to around $36,821 per token. For Saylor and MicroStrategy, Bitcoin serves as a calculated strategy rather than a speculative play.

Recently, Saylor said that each day that passes makes him more bullish on Bitcoin.

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