MicroStrategy’s CEO, Michael Saylor, appears unbothered by the intensifying volatility surrounding Bitcoin, which serves as the firm’s core treasury asset and the central pillar of its long-term corporate strategy. According to him, he’s “built for this.”
Michael Saylor’s comment comes at a time when the flagship cryptocurrency is struggling to stay afloat, yet MicroStrategy’s BTC holdings remain unchanged. However, an alternative has risen in the AI sector, offering BTC investors a chance to recoup losses.
Michael Saylor says he’s “built for this” as Bitcoin falters
Bitcoin is going through a rough patch, teetering between highs and lows, unable to find balance. Yet, Michael Saylor, CEO of MicroStrategy, the world’s largest BTC treasury company, remains indifferent.
Notably, Bitcoin fell below the $90,000 range into the high $80,000s, then entered a period of repeated dips and rapid recoveries, squeezing out leveraged traders and creating uncertainty.
Michael Saylor’s Bitcoin strategy isn’t built around short-term price comfort, as he demonstrated in an X post on December 17, featuring an image of him sitting unfazed on a rollercoaster, captioned “Built for This.” This is why he appears unfazed by the ongoing BTC dip.
Despite Bitcoin’s decline, MicroStrategy’s BTC holdings remain at 671,268, valued at approximately $58.7 billion. This position, bought at an average price of $74,978, is still up 16.5% at current prices.
Three cryptocurrencies capturing massive attention lately
- DeepSnitch AI advances towards the $1 million mark: What to expect?
DeepSnitch AI is a next-gen tool built to level the playing field between whales and small-time investors, giving the latter a competitive edge through information symmetrising.
This means small-time traders will have access to the same information as whales and will make the same moves as them.
Built by experts, DeepSnitch AI features five AI agents that monitor, analyze, and traders to the most critical market-shaking events across multiple blockchains.
- Bitcoin price prediction: BTC risks falling below $85,000 as bearish pressure strengthens
Bitcoin’s short-term price structure continues to weaken, with losses extending across several market sessions. The asset failed to break above the $94,000 barrier and instead entered a distribution phase, which drove the price to $85,000.
Momentum indicators, such as the RSI, signal bearishness, increasing the likelihood of further short-term declines. Weekly loss also currently stands at 6.1%, with Bitcoin trading at $86,202.
Meanwhile, Saylor’s market views, especially regarding Bitcoin, remain unchanged.
- Ethereum price prediction: Rising selling pressure pushes active addresses to May levels
The weekly count of active Ethereum addresses has slumped significantly, dropping from 440,000 to 324,000, marking the lowest level since May. This was accompanied by a drop in trading volume to July levels.
These declines suggest investors are on the sidelines as selling pressure mounts. With no demand to push the price higher, ETH may trade sideways for a moment until network activity resumes.
In the same vein, the ETH price is down 13.79% over the past week, with Ethereum trading at $2,838. Bitget analysts expect ETH to retest $3,100 if it rebounds from $2,850.
Conclusion
Michael Saylor’s trust in Bitcoin is based on its resilience during periods of high market volatility and its long-term upside. This is the same energy driving interest in DeepSniitch AI.
FAQs
- How much Bitcoin does Michael Saylor’s Strategy own?
The company owns 671,268 BTC, worth $58.7 billion at current prices.
- What are Saylor’s market views of Bitcoin?
Michael Saylor considers Bitcoin the ultimate digital store of value, superior to gold and cash, and predicts it could be worth $1 million by 2030.
- Which coin should investors buy as Bitcoin crashes?
