Saylor rejects suggestion that Wall Street "damaged" bitcoin amid latest crash

Strategy CEO Michael Saylor denied that Wall Street's involvement in the bitcoin market has affected the price and volatility of the asset. In his opinion, despite the recent drop, bitcoin is becoming less volatile. Last week, the price of bitcoin dropped by 12% to $91,616, which was a significant loss for investors. Sailor compared the current level of volatility to when he started buying bitcoin in 2020, emphasizing that it was around 80% then.

Source Cointelegraph

Sailor noted that over time, as bitcoin matures, its volatility could decline by another five percentage points every few years. Currently, Strategy holds 649,870 bitcoins, and its average asset value has dropped to 1.11x. Speaking about the drop in Strategy's share premium amid the bitcoin slump, Saylor said that the company is "built to survive 80-90% crashes," so there is no reason to be concerned. He hopes that bitcoin will remain "stronger than ever."