Big Bull Michael Saylor Speaks About Bitcoin’s Drop and Damages! Is the Bear Market Coming to an End?

In addition to the declines in Bitcoin’s price, the losses incurred by institutional companies holding Bitcoin are also being widely discussed. In this regard, Strategy, the largest institutional Bitcoin holder, stands out with a loss of approximately $5 billion.

While rumors circulate in the market that the company might sell Bitcoin, the company insists they will not sell $BTC and will hold out until the price drops to $8,000.

While discussions continue regarding the claims surrounding Strategy and Bitcoin, Strategy founder Michael Saylor has made new statements about the declines in $BTC.

Speaking to Fox Business, Saylor said we are in a crypto winter, but the current $BTC drop is mild and will pass quickly.

Saylor predicted that the current Bitcoin decline is mild compared to past cycles and that a strong rally will soon follow.

Big bull Saylor argued that previous bear markets were much deeper and longer, but the current correction would pass quickly, allowing the market to find new growth factors.

At this point, Saylor cited the support of U.S. President Donald Trump and increasing corporate adoption as important factors.

“Banks and other institutions are supporting Bitcoin much more strongly than they were four years ago.”

We even have a president who supports Bitcoin, and we’re getting support from the administration.”

The well-known figure stated that Strategy is currently losing money on its $BTC assets, but the company could manage its debt even if the Bitcoin price dropped to $8,000.

Looking ahead, he added that the company plans to convert its convertible bonds into shares within the next three to six years and will continue to purchase additional $BTC each quarter.

MicroStrategy currently owns 717,131 $BTC, purchased at an average price of $76,027, with a total value of approximately $54.52 billion.

*This is not investment advice.