Summary
- Michael Saylor assessed that the possibility of an 80% Bitcoin (BTC) crash is low.
- He stated that the absence of insolvent companies like FTX, Genesis, Celsius in the market reduces the likelihood of a crash.
- MicroStrategy maintains a strategy of regularly purchasing Bitcoin regardless of price volatility.
Michael Saylor, founder of MicroStrategy, assessed that the possibility of an 80% crash in Bitcoin (BTC) is low.
On the 5th (local time), Michael Saylor stated in an interview with Yahoo Finance, "The possibility of Bitcoin crashing by 80% like in previous cycles is low," adding, "Theoretically, it is possible, but for that to happen, there would need to be undercapitalized, insolvent companies like FTX, Genesis, and Celsius in the market." He further explained, "Since there are no such companies in the market now, the likelihood of a Bitcoin crash scenario repeating is low."
Furthermore, he added, "MicroStrategy's investment strategy is to regularly purchase Bitcoin regardless of price volatility," and "Personally, I purchased a significant amount of Bitcoin last month and plan to continue purchasing in the future."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
