Bitcoin Price Volatility Not a Flaw but a Feature Says Michael Saylor

Bitcoin's recent price drop has sparked concerns among investors, but Michael Saylor, CEO of Strategy, believes it is a natural part of the asset's growth cycle. In an interview with Coin Stories, Saylor compared bitcoin's 45% decline from its all-time high to similar pullbacks endured by dominant technology stocks like Apple.

Saylor noted that it has been 137 days since the last peak, framing the period as a routine 'valley of despair' rather than a structural failure. He argued that critics underestimate how long it can take for conventional finance to embrace a new asset class and pointed out that banks may need four to six years to fully custody, lend against, and integrate bitcoin into mainstream credit systems.

The CEO emphasized that volatility is an inherent feature of bitcoin's global utility, operating 24 hours a day, seven days a week. He suggested that traders inject capital precisely because the asset moves when other markets are closed, providing opportunities for long-term investors to benefit from its growth potential.

Saylor reiterated his long-term outlook, projecting approximately 29% annual returns over a 21-year horizon and acknowledged that returns may come in waves. However, he framed this serpentine pattern as inherent to transformative assets.