Strategy Inc. (NASDAQ:MSTR) CEO Phong Le pointed out the differing strategies between traders and long-term investors on Thursday, responding to Mark Cuban’s recent decision to sell his Bitcoin (CRYPTO: BTC).
Jumping To The ‘Next Thing’
During a Fox Business interview, Le was asked about the billionaire investor’s move, which surprised many in the cryptocurrency community.
After all, Cuban is the same person who once aggressively endorsed Bitcoin as a hedge against inflation, only to sell “most” of it because it didn’t turn out to be the shield he expected it to be.
“There are folks out there who are very skeptical traders, and what they’re gonna do is they’re gonna find the point to buy Bitcoin,” Le weighed in. “In 2021, everybody got in, and they made their money, and then they got out when they found the next thing.”
The Strategy CEO said that AI is the “next big thing” today, and it’s “perfectly reasonable” for Cuban and traders like him to pursue it.
Cuban indeed expanded his cryptocurrency portfolio during the 2021 bull …
