You create value by utilizing or moving other value around, not by keeping it stationary.
Security, sustainability, growth, all requires movement in some form.
How does this relate to Bitcoin?
Well first off, this isn't just about Bitcoin, you can apply this to any other crypto investments, traditional assets too.
You know what, let's start with a story I see pop up a couple of times online.
Bill Gates owned roughly 20% of Microsoft at the peak of the dot-com boom and as of 2021, that stake was reported to would have been worth $693 billion, when we adjust for split, which most reports cite today, that stake would be worth close to $860 billion, which would place him closer to being a trillionaire.
But he isn't today because he gradually sold his stake, listening to his friend, Warren Buffett's advice in 1999, reportedly.
This story gets told a lot with many criticizing the advice from Buffett to Bill to diversify.
But the thing about criticism of past actions is that it is easy.
It is easy to call someone stupid for selling just because 25 years later, that was a bad call somehow.
Nobody stops to truly understand what holding through two decades plus would have looked like.
Last time I checked, Microsoft stock took a -55% during the dot-com bubble burst. How would that have affected Bill's stake? How about the legal battles in the same period that would have destroyed the company if he still held that much stake?
Gates' net worth declined after 2000, but it declined from a stable, diversified base rather than an increasingly concentrated, legally-threatened, bubble-inflated one.
Sure, he isn't worth a trillion dollars, but he's still a billionaire with a diversified portfolio.
Sustenance and stability is important, as much as growth is. Besides, there are no guarantees that Microsoft would be worth $3 trillion today if he maintained his stake.
Sometimes selling is good
People should plan to sell and others should expect it.
If nobody ever sells, that's more disastrous than more people selling.
Every company debt financing Bitcoin purchases have an exit strategy for every penny put in. If they don't, then they are quite stupid because selling is important.
Saylor's Strategy would be stupid not to have one.
People act like selling means not trusting in future growth, when it can mean many other things and holding can be more disastrous for individual wealth and sometimes for the entire ecosystem.
All markets must anticipate, allow and encourage both buying and selling, otherwise what's the point of calling it a market?