The recent Bitcoin pullback has not shaken Michael Saylor’s confidence in the asset.
The Strategy executive chairman said Bitcoin is becoming more stable over time, even as major financial players increase their exposure.
Speaking with Fox Business, Saylor addressed concerns that Wall Street might be amplifying Bitcoin’s volatility. He argued the opposite, noting that Bitcoin’s behavior has become more predictable over time.
Bitcoin is More Stable, Not Riskier
Saylor pointed to Strategy’s first purchases in 2020, when Bitcoin showed about 80% annualized volatility. Since then, he said current levels sit near 50%, which he views as evidence of a maturing asset.
Building on that view, he expects volatility to fall by “about five points every few years” as liquidity grows and market depth improves.
Ultimately, according to him, Bitcoin could eventually stabilize at 1.5 times the volatility of the S&P 500, while still outperforming the index.
His comments follow a week of sharp price movement that unsettled some investors. For instance, Bitcoin has slipped nearly 12% over the past week, according to CoinMarketCap. The decline pushed the price to around $91,616, erasing almost all of its gains this year.
Meanwhile, Saylor stressed that “Bitcoin is stronger than ever,” even after the recent slump. Notably, Strategy continues to hold 649,870 BTC worth roughly $59.59 billion, according to SaylorTracker.
However, the firm’s mNAV multiple has moved lower. It is now at 1.11x, down from 1.52x when Bitcoin reached its record $126,080 on October 6.
MSTR Shares Mirror Bitcoin Weakness
Strategy’s stock has also responded to the broader market slide. Shares closed Tuesday at $206.80, marking an 11.50% drop over the past five days, according to Google Finance.
Because MSTR often trades at a premium or discount relative to Bitcoin, its price typically shifts in tandem with major Bitcoin moves. This close correlation highlights the company’s exposure to digital-asset sentiment.
Company Built to Withstand Deep Market Stress
Even with that exposure, Saylor said he remains unfazed by the possibility of a deeper downturn. He emphasized that the Strategy can handle an 80–90% decline in Bitcoin without disrupting operations.
Interestingly, calling the firm “indestructible,” he said its current leverage position is exceptionally robust, allowing it to navigate extreme market cycles with confidence.
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