MicroStrategy CEO Rejects Claims Wall Street ‘Hurt’ Bitcoin, Says Company Can Withstand ‘80–90% Drawdowns’ Amid BTC Crash

• Saylor says Bitcoin swings are easing over time despite heavier institutional attention and recent setbacks.
• Tom Lee suggests selling pressure fading while broader market strength could lift Bitcoin soon.

Michael Saylor, executive chairman of Strategy, pushed back against claims that Wall Street’s growing presence in the Bitcoin market has led to higher volatility. In an interview with Fox Business, he said volatility has been on the decline over recent years. 

When Strategy first started buying Bitcoin in 2020, he noted the cryptocurrency had an annualized volatility of 80%. That figure has since dropped to around 50%. Saylor expects volatility to continue decreasing, estimating that Bitcoin’s movement will eventually settle at roughly 1.5 times that of the S&P 500 Index. 

He also pointed out that every few years, its volatility drops by another five points as the asset becomes more established in financial markets. Saylor argued that this trend counters the idea that institutional interest is hurting Bitcoin’s long-term price stability.

Saylor Confident in Firm’s Structure During Crashes

Strategy currently holds 649,870 Bitcoin, valued at $59.59 billion, according to SaylorTracker. Although the holding remains intact, the firm’s market value relative to its net asset value has weakened. Its mNAV multiple has dropped to 1.11x, down from 1.52x when Bitcoin hit its peak of $126,198 in early October.

The recent market downturn has affected Strategy shares as well. The company’s stock closed at $206.80 on Tuesday, down 11.50% over the past five trading days. Despite this, Saylor maintained that the business model is resilient enough to absorb large setbacks. He added,

Expert Outlook Suggests Bitcoin Strength Ahead

Meanwhile, Tom Lee, chairman of BitMine, said that Bitcoin could be nearing a bottom. The cryptocurrency briefly dipped below $90,000, its lowest price in seven months. Lee said traders remain cautious as the Federal Reserve’s plans for interest rates remain uncertain.

He also pointed out that the market is still reacting to a major liquidation event that took place on October 10. Despite that, he noted signs of exhaustion in selling pressure. He mentioned insights from Tom Demar of Demar Analytics, who sees potential signs of a market bottom forming.

Lee believes the cryptocurrency could rally again in sync with a broader stock market rebound. He said, 

Bitcoin has dropped 12.7% in the past week, settling at $91,341. The fall has erased all the gains it had made earlier in 2025.