Despite the recent downturn in the cryptocurrency market, Strategy founder and CEO Michael Saylor remains optimistic about Bitcoin’s long-term prospects. He stated that Bitcoin is expected to outperform traditional assets in the coming years, with performance projected to be two to three times that of the S&P 500 index.
On Tuesday, Michael Saylor told CNBC’s Squawk Box, “I believe that over the next four to eight years, Bitcoin’s performance will be twice, or even three times, that of the S&P 500.”
As Michael Saylor confidently speaks out, the crypto industry is experiencing a severe winter. Bitcoin has fallen below the $70,000 mark, down more than 45% from its all-time high of $126,000 set in October last year. This decline has also dragged Strategy’s stock price down to $103, currently rebounding to $133, but still more than 70% below its all-time high of $457.22 in July last year. Despite the bearish market sentiment, Strategy continues to increase its holdings, investing approximately $90 million last week to acquire 1,142 Bitcoin, bringing its total holdings to 714,644 coins, accounting for over 3.4% of the total Bitcoin supply. However, with the recent decline in the crypto market, Strategy’s large Bitcoin position currently faces an unrealized loss of about $5.2 billion.
In response to concerns that continued low prices might force Strategy to sell Bitcoin to ease financial pressure, Michael Saylor firmly rebutted, “We will never sell our Bitcoin to cash out.”
“We will keep adding more. I expect us to buy Bitcoin every quarter, forever.”
Strategy CEO Phong Le also stated earlier during the earnings call that only if Bitcoin’s price crashes by 90%, dropping to around $8,000, and remains at that level for 5 to 6 years, would it pose a substantial threat to the company’s ability to service its convertible bonds.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
TD Cowen Cuts Strategy Target but Starts Sharplink at Buy on Ethereum Treasury Model
TD Cowen adjusted its price target for Bitcoin-focused Strategy while maintaining a positive outlook, contrasting it with its new buy rating for Ethereum-based Sharplink, which offers a more active digital asset growth model through staking.
CryptoNewsFlash1h ago
Macro investors: A BTC breakout above $76,000 and an ETH breakout above $2,400 may signal a trend reversal
Macro investor Jordi Visser believes that if Bitcoin and Ethereum break through $76,000 and $2,400 respectively, it will kick off a sustainable uptrend. He expects high inflation to push investors to seek profitable assets, and notes that the probability of an economic recession has fallen to 24%. This view contrasts with the current bearish expectations in the crypto industry.
GateNews18h ago
Market in Excessive Panic? MicroStrategy Founder: Bitcoin Has Bottomed, Quantum Threats Are Overblown Worry
Michael Saylor asserts that Bitcoin has finished bottoming out when it hit $60k, and he believes concerns about threats from quantum computers are overblown. He predicts that in the future, Bitcoin will become the core of a digital credit system, and he notes that there is limited selling pressure in the market, which could help drive a new bull run. Mizuho also has a positive assessment of the company’s future performance.
CryptoCity04-11 21:27
Market panic too much? MicroStrategy founder: Bitcoin has hit bottom, quantum threats are unfounded worry
Michael Saylor asserts that Bitcoin has already finished bottoming out at $60k, and believes concerns about threats from quantum computers are overstated. He predicts that in the future, Bitcoin will become the core of a digital credit system, and also noted that there is limited selling pressure in the market, which could drive a new bull cycle. Mizuho has a positive assessment of its company’s future performance.
CryptoCity04-11 17:44
XRP CLARITY Act Vote in Focus as XRP Holds $1.34 and Senate Returns April 13
XRP is trading at $1.34 as traders await the Senate's action on the XRP CLARITY Act, with potential for significant ETF inflows. The Banking Committee's markup is expected in late April, crucial for defining XRP’s regulatory status.
Cryptonews04-11 16:45
BTC analyst Killa: By comparing historical cycles, BTC could see another round of downside before it establishes a true bottom
Gate News message, on April 11, BTC analyst Killa posted that when comparing all prior Bitcoin cycles, each cycle includes a final selloff that ends with a capitulation-style bottom. In this cycle, the time when the peak occurred was earlier than in previous cycles. Killa noted that if history repeats itself, BTC may still see another wave of declines before a true bottom is established.
GateNews04-11 14:00
