Strategy CEO "Bitcoin fundamentals are the best this year... don't be preoccupied with short-term fluctuations"

Bitcoin (BTC) prices plunged nearly 30% from their all-time high, freezing investor sentiment. However, Pong Lee, CEO of Strategy, signaled a buy, saying "market fundamentals are at an all-time high."

On the 25th (local time), according to Cointelegraph, Lee appeared on the podcast 'Coin Story' and said, "The fundamentals of the Bitcoin market this year couldn't be better," indicating he is unconcerned about the recent price weakness.

According to CoinMarketCap, Bitcoin touched an all-time high of 125,100 dollars on October 5, then fell about 30% and is now hovering around 87,000 dollars. The market fear and greed index has remained in the 'extreme fear' stage since the 12th.

Lee advised that investors should focus on long-term value rather than short-term performance of assets. He emphasized that "short-term price movements are an unpredictable area," and added, "The reason we focus on the multiple of net asset value (mNAV) and the Bitcoin treasury strategy is to pursue a systematic and mathematical approach, not an emotional one."

He pointed to the change in the U.S. government's stance as the key basis for stronger fundamentals. Lee stated, "The U.S. government is supporting Bitcoin more broadly than ever," and said, "Traditional financial institutions in the U.S. and the United Arab Emirates (UAE), among others, are meeting with us as they consider how to catch up in adopting Bitcoin."