Michael Saylor, co-founder of MicroStrategy, has downplayed Bitcoin's recent price decline, describing it as 'completely normal' and consistent with the cryptocurrency's historical trends. Saylor pointed out that Bitcoin has undergone 15 significant declines over the past 15 years, each time rebounding to new record highs.
Saylor emphasized that Bitcoin's volatility has decreased over time, currently standing at approximately 50 vol, and he anticipates it will continue to decline by 5 points every few years. He reaffirmed Bitcoin's status as a robust store of value, noting its long-term outperformance compared to the S&P 500.
Michael Saylor Dismisses Bitcoin Price Drop as 'Completely Normal'
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