Michael Saylor, the CEO of Microstrategy, shared his views on bitcoin in an interview with Yahoo Finance Live, stating that he is still bullish on the cryptocurrency despite the recent sell-off.

He mentioned that the company is currently holding 129,218 bitcoin and they have no plans to liquidate some of it, noting they play long-term and expect bitcoin price to go into millions.

Saylor, who believes bitcoin is the future of money, expects the LUNA, UST fiasco to accelerate the regulations of stablecoins, which will be a good thing for the industry.