Metaplanet CEO Says Bitcoin Is Not Something You Sell
Minseung Kang
Summary
- Metaplanet Chief Executive Officer Simon Gerovich reiterated his long-term holding stance on Bitcoin rather than endorsing a selling strategy.
- Gerovich replied on X that "Bitcoin is not something you sell" in response to a user weighing how to recoup an initial Bitcoin investment.
- His brief reply underscored his view of Bitcoin as a long-term holding rather than a short-term trading asset.
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Metaplanet Chief Executive Officer Simon Gerovich reiterated his long-term stance on Bitcoin, arguing against selling the cryptocurrency.
On Aug. 31, Gerovich responded on X, formerly Twitter, to a user who was weighing strategies for recouping an initial Bitcoin investment. "Bitcoin is not something you sell," he wrote.
The user said Metaplanet does not appear to have a separate exit strategy for its Bitcoin holdings. The post added that individual investors can face a dilemma over whether to take profits near the top of a market cycle or continue holding spot Bitcoin.
Gerovich's brief reply reinforced his view of Bitcoin as a long-term holding rather than a short-term trading asset.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.