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Strategy’s executive chairman Michael Saylor has dismissed claims that Wall Street’s growing involvement in Bitcoin has contributed to the asset’s latest price drop or increased its volatility. Speaking in a recent Fox Business interview, Saylor argued that Bitcoin is actually becoming more stable over time, even as the market faces a sharp correction.
Bitcoin has fallen nearly 12% in the past week, briefly touching $91,616 and giving back most of its 2025 gains, according to CoinMarketCap. Still, Saylor said the downturn aligns with normal market movements and is not a sign of Wall Street-driven weakness.
Saylor: Bitcoin Volatility Is Decreasing, Not Increasing
Responding to concerns that institutional involvement may be influencing market swings, Saylor said Bitcoin’s volatility has been declining steadily for years.
“When I began buying Bitcoin for Strategy in 2020, the annualized volatility was around 80%,” he said. “Since then, it has dropped to roughly 50%.”
He added that Bitcoin is moving toward long-term maturity, and each cycle could bring volatility down by another five percentage points. Saylor believes Bitcoin is on track to eventually become only 1.5 times as volatile as the S&P 500 while also performing 1.5 times better.
“Bitcoin Is Stronger Than Ever”
Even with the recent downturn, Saylor remained optimistic.
Strategy currently holds 649,870 BTC, valued at about $59.59 billion, based on data from SaylorTracker. He highlighted that Bitcoin’s structural fundamentals remain intact, and the asset is still performing well compared to long-term historical patterns.
Meanwhile, Strategy’s metrics have shifted. The firm’s mNAV multiple—which measures its market value relative to its Bitcoin holdings—has slipped to 1.11x, down from 1.52x when Bitcoin hit its all-time high of $125,100 on Oct. 5.
This decline mirrors Bitcoin’s broader pullback and has been reflected in Strategy’s stock price. Shares of MSTR closed at $206.80 on Tuesday, down 11.50% over the past five days, according to Google Finance.
Saylor Says Strategy Can Endure Even an 80–90% Crash
Despite the current pressure, Saylor said he is not worried about a deeper downturn.
He emphasized that Strategy’s long-term approach is designed to withstand extreme volatility. “The company is engineered to take an 80 to 90% drawdown and keep on functioning,” he said.
Saylor added that the firm’s leverage position is “extremely robust,” noting that the company’s financing strategy has been structured specifically to survive severe market cycles. “I think we’re pretty indestructible,” he said.
His comments reflect Strategy’s long-standing position of treating Bitcoin as a long-term treasury asset, not a short-term trading instrument.
Veteran Trader Peter Brandt Issues Warning
Not everyone shares Saylor’s confidence. Veteran trader Peter Brandt cautioned that Strategy could face serious challenges if Bitcoin follows a pattern similar to the soybean bubble of the 1970s, a scenario he has referenced in previous analysis.
Brandt warned that if his long-term chart thesis plays out, Strategy could eventually be “underwater,” particularly given the firm’s extensive exposure to Bitcoin through both corporate holdings and debt-backed accumulation strategies.
This perspective contrasts sharply with Saylor’s view, highlighting a division between traditional market technicians and Bitcoin-focused corporate leaders.
Is Wall Street Actually Affecting Bitcoin?
Saylor’s comments push back against the narrative that institutional money—through ETFs, major funds, or public companies—has destabilized Bitcoin. Some analysts argue that larger pools of capital can amplify volatility during downturns, but Saylor believes the opposite is happening:
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ETF flows have increased liquidity
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Market depth has grown
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Price movements, while sharp, are consistent with past cycles
According to Saylor, Bitcoin’s long-term trajectory remains unchanged, and temporary drops should not be viewed as structural weaknesses.
What Comes Next?
With Bitcoin hovering near the $90,000 mark, analysts remain divided on where the market heads next. Some expect further downside pressure if macro conditions weaken, while others believe the recent liquidation activity is nearing a bottom.
Saylor maintains that Bitcoin is entering a more stable and mature phase, even as critics caution about potential historical parallels. For now, Bitcoin investors are watching closely to see whether the latest correction stabilizes or expands into a deeper pullback.
