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Saylor rejects idea Wall Street ‘hurt’ Bitcoin amid recent downturn
MicroStrategy executive chairman Michael Saylor pushed back against suggestions that Wall Street’s growing involvement in Bitcoin has amplified price swings. Speaking on Fox Business, Saylor argued the flagship cryptocurrency is becoming less volatile as institutional adoption and market depth increase, despite a recent pullback.
Bitcoin price and volatility context
Bitcoin (BTC) has retraced nearly 12% over the past week, trading around $91,600 according to CoinMarketCap, trimming some of its 2025 gains. Still, Saylor highlighted that when he began accumulating Bitcoin for MicroStrategy in 2020, annualized volatility was roughly 80%. He believes that metric has since cooled to about 50% and will continue to normalize as the crypto market matures.
“I think we are getting a lot less volatility,” Saylor told Fox Business, predicting that Bitcoin will gradually reduce volatility by a few percentage points every few years and ultimately trend toward being about 1.5x as volatile as the S&P 500 — while delivering superior returns.
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Michael Saylor (right) spoke to Charles V Payne on Fox Business on Tuesday
MicroStrategy’s exposure and financial resilience
MicroStrategy remains one of the largest public corporate holders of BTC, with 649,870 bitcoins on its balance sheet, valued at about $59.59 billion at the time of SaylorTracker’s reporting. The company’s market NAV (mNAV) multiple, which links MSTR shares to the underlying Bitcoin value, has narrowed to roughly 1.11x from near 1.52x when BTC hit an all-time high of $125,100 on Oct. 5.
Shares of MicroStrategy (MSTR) have reflected Bitcoin’s volatility: MSTR closed at $206.80 on the most recent trading day, down approximately 11.5% over five days, per Google Finance.
Prepared for major drawdowns
Saylor emphasized that MicroStrategy is structured to tolerate extreme market stress. “The company is engineered to take an 80 to 90% drawdown and keep on ticking,” he said, asserting the firm’s balance-sheet approach and strategy provide robustness through deep crypto market corrections.
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Yet not all market participants share his confidence. Veteran trader Peter Brandt warned in public commentary that MicroStrategy could be left “underwater” if Bitcoin’s price follows certain historical bubble patterns, illustrating that downside scenarios remain a realistic risk for leveraged corporate holders.
What this means for crypto investors
Saylor’s stance underscores two ongoing narratives in the crypto ecosystem: growing institutional adoption has increased liquidity and depth in the BTC market, which can reduce short-term volatility, but large drawdowns can still materially impact firms with concentrated BTC exposure. For investors tracking Bitcoin, volatility metrics, institutional inflows, and corporate holders like MicroStrategy remain key indicators of market health as the blockchain and crypto markets evolve.
Source: cointelegraph
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