Michael Saylor, founder of MicroStrategy and one of the most important figures in the world of cryptocurrencies, has broken his silence following the sharp 45% drop in the price of Bitcoin.
In a period of investor panic, Saylor made striking statements, asserting that such fluctuations are inherent to Bitcoin and that long-term strategy should not be compromised.
Bitcoin’s nearly 45% fall from its peak levels has sparked fears of a “bear market,” but Michael Saylor, known for his institutional buying, proposed a more cautious approach. Saylor argued that the focus should be on Bitcoin’s status as a “digital asset” and “supreme form of capital”, rather than its short-term price movements.
In an interview, Saylor recalled many similar declines in Bitcoin’s history, saying: “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 drops are a cleansing process to eliminate weak hands and allow institutional capital to enter the game on a firmer footing.
Clearly answer the question “What happens now?” » After the price drop, Saylor said MicroStrategy’s strategy remained 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 not seeing the bigger picture.
According to Saylor, as regulations become clearer and major banks begin to offer custody services, Bitcoin will continue to become an integral part of the global financial system.
Saylor said that instead of panicking based on daily price charts, investors should focus on the security of the Bitcoin network (hash rate) and the speed of its adoption around the world. He argued that the 45% drop could be “one of the safest entry points” for institutional and individual investors holding cash.
*This does not constitute investment advice.