Strategy's Executive Chairman Saylor is dismissive of concerns that Wall Street's entry into the Bitcoin market affects its price trends and volatility.
"I think our volatility is much lower now," Saylor said during an interview with Fox Business on Tuesday when asked about related issues.
In the past week, Bitcoin has dropped nearly 12% to $91,616, erasing all gains since 2025, according to data from CoinMarketCap.
Saylor noted that when he began purchasing Bitcoin for Strategy in 2020, the asset's annualized volatility was around 80%. Since then, Bitcoin's volatility has gradually decreased and is currently about 50%.
He pointed out that every few years, as the asset matures, Bitcoin's volatility is expected to decrease by another 5 percentage points, approaching about 1.5 times that of the S&P 500 index, while "performing better than the S&P 500 index by 1.5 times."
"Bitcoin is stronger than ever," he emphasized. As of the time of writing, Strategy holds 649,870 Bitcoins, valued at $59.59 billion, according to SaylorTracker.
The company's mNAV multiple has dropped to 1.11 times, while when Bitcoin hit a historic high of $125,100 on October 5, this value was about 1.52 times.
Strategy (MSTR) stock typically trades at a premium or discount compared to the current price of Bitcoin. Affected by the recent drop in Bitcoin prices, MSTR closed at $206.80 on Tuesday, down 11.50% over five days, according to Google Finance data.
However, Saylor stated that he would not be worried even if Bitcoin experienced a larger pullback.
"The company structure can withstand an 80% to 90% drawdown and still operate normally," he said.
"So I think we are almost impervious," he added. "Our leverage is completely controllable, currently in the range of 10% to 15%, which is very robust and close to zero."
However, veteran trader Peter Brandt warned that if his view—that Bitcoin's trajectory mirrors the soybean bubble of the 1970s—holds true, then Strategy could find itself in an "underwater" state.
Related: Bitcoin (BTC) has mined 95%: What does this mean?
Original: “In the face of the latest crash, some say Wall Street has 'hurt' Bitcoin (BTC) — Saylor disagrees”
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