Michael Saylor Defends Bitcoin’s Stability Amidst Market Drop

Despite a recent decline in Bitcoin prices, Michael Saylor, CEO of Strategy (formerly MicroStrategy), insists that the cryptocurrency market is showing signs of greater stability. Saylor attributes this to increased institutional involvement and argues that volatility has decreased over time. 80-90% BTC drawdowns can be weathered according to Saylor, with Strategy’s robust leverage mitigating risk. However, the company’s mNAV and MSTR share prices have fallen alongside Bitcoin’s 12% weekly drop. This decline is mirrored in the stock market, indicating a broader industry correction.