Saylor Dismisses Claims Wall Street ‘Harmed’ BTC During Latest Crash
Michael Saylor, the executive chairman of Strategy, has that Wall Street’s involvement has not made BTC’s price more volatile or caused it to go down. In the previous week, the price of BTC dropped by about 12% to $91,616.
Saylor in a recent interview with Fox Business that “BTC is stronger than ever” than it was in earlier market stages, even though it is currently losing money and analysts are paying more attention to it.
Volatility Trends: The Market is Growing, Not Being Manipulated
Saylor talked about how volatility has changed over time. He said that when his company begined purchaseing the digital asset in 2020, the price swings were about 80% a year. Saylor noted that volatility has been going down over the past few years and is presently about 50%.
He predicted that BTC’s volatility would likely go down a little bit every few years as the market matured. Eventually, it would settle at a level about 1.5 times higher than that of the S&P 500 Index, while still having what he called “1.5 times better performance.”
Strategy Remains Resilient Despite Sharp Drawdown
Saylor said that even if the latest rout was poor, is still fundamentally robust and ready to handle potentially worse corrections. As of the time of writing, Strategy owns 649,870 BTC, which is worth $59.59 billion.
The company’s mNAV (market Net Asset Value) multiple, which shows how Strategy’s share price compares to BTC’s market price, fell from 1.52x at the last all-time high to 1.11x. This shows that investors still trust the stock, even though it has dropped recently.
said that the company’s risk management architecture is strong enough to handle drawdowns of 80–90% without putting operations or long-term strategy at risk.
He said, “The company is built to take an 80 to 90% drawdown and keep going,” stressing their “indestructible” position and little leverage in the current market.
diverse Opinions on BTC’s Future in the Market
Saylor is still not worried by the volatility and recent drop, but not everyone who watches the market is as optimistic as he is.
For example, veteran trader that Strategy might be in a lot of financial trouble if BTC’s price patterns begin to look like those of past commodity bubbles, such as the collapse of the soybean market in the 1970s.
Saylor still says BTC is “stronger than ever,” even though others disagree. He thinks that future performance will prove his company’s plan right. Michael Saylor’s response to concerns that increased Wall Street involvement has hurt BTC suggests he believes the market will become more stable and resilient over time.
Even as Strategy’s mNAV and share price fall to new lows, the company’s extensive holdings and risk controls suggest that investors still believe in BTC’s long-term prospects, despite its current price instability.
