Saylor Shrugs Off Suggestion Wall Street ‘Hurt’ Bitcoin Amid Latest Crash

Why It Matters

The remarks underscore confidence in Bitcoin’s maturation and the resilience of Strategy’s balance sheet, reassuring investors amid price turbulence, while highlighting the risk that a prolonged downturn could pressure the company’s market valuation.

Summary

Strategy executive chairman Michael Saylor dismissed concerns that Wall Street’s entry has harmed Bitcoin, noting that volatility has fallen from about 80% annualized in 2020 to roughly 50% today despite a recent 12% price drop to $91,616. He predicts Bitcoin’s volatility will continue to decline, eventually stabilizing at about 1.5 times the S&P 500’s volatility while delivering 1.5 times higher returns. Strategy’s net asset value (mNAV) multiple slipped to 1.11× from 1.52× at Bitcoin’s all‑time high, and its shares fell 11.5% over five days, but Saylor said the firm is built to withstand an 80‑90% drawdown. Veteran trader Peter Brandt warned the firm could be “underwater” if Bitcoin follows a historical commodity bubble pattern.