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Michael Saylor, founder of MicroStrategy and one of the most important figures in the cryptocurrency world, broke his silence following the sharp 45% drop in Bitcoin’s price.
In a period of investor panic, Saylor made striking statements, arguing that such fluctuations are inherent in Bitcoin and that the long-term strategy should not be compromised.
Bitcoin’s nearly 45% drop from its peak levels has triggered fears of a “bear market,” but Michael Saylor, known for his institutional purchases, has offered a more cautious approach. Saylor argued that the focus should be on Bitcoin’s status as a “digital asset” and “the supreme form of capital,” rather than its short-term price movements.
In an interview, Saylor recalled many similar declines in Bitcoin’s history, stating, “If you want to have the most resilient and liquid asset in the world, you have to accept the volatility that comes with it. These declines are a cleansing process to weed out weak hands and allow institutional capital to enter the game on a more solid foundation.”
Responding clearly to the question “What happens now?” after the price drop, Saylor stated that MicroStrategy’s strategy remains unchanged. He emphasized that Bitcoin is a store of value (digital gold) rather than a medium of exchange, adding that those seeking short-term profit are missing the bigger picture.
According to Saylor, as regulations become clearer and major banks begin offering custody services, Bitcoin will continue to become an integral part of the global financial system.
Saylor stated that instead of panicking based on daily price charts, investors should focus on Bitcoin’s network security (hash rate) and the speed of its adoption worldwide. He argued that the 45% drop could be “one of the safest entry points” for institutional and individual investors holding cash.
*This is not investment advice.
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cointelegraph.com