The post Why Bitcoin’s 30% drawdown is a ‘healthy thing,’ reveals Michael Saylor  appeared on BitcoinEthereumNews.com. Key Takeaways  Why is Saylor positive about the drawdown?  According to him, it’s a healthy market reset that flushes out excess leverage and weak hands for the next rebound to a new all-time high.  What’s the impact of Strategy’s $835M bid?  It didn’t taper off broader BTC selling pressure, as ETFs have been net sellers for the past few weeks.  While a section of the crypto community appears worried about Strategy following Bitcoin’s [BTC] decline in Q4, the founder, Michael Saylor, remains bullish on the asset.  In an interview with Fox Business, Saylor maintained BTC value proposition remained intact despite erasing yearly gains.  He said,  “Bitcoin has been around for 15 years, has had 15 major drawdowns. It has always come back to a new all-time high.” He added, “This (drawdown) is normal in the lifecycle of an emerging transformational asset class. It’s a healthy thing, it clears out the tourists, the leverage, and the weak holders and sets the base for the next rally upwards.” The crypto asset has shed over $35K or 29% after dropping from $126k to $90k in the past few weeks.  Source: BTC/USD, TradingView  Although the decline was still within the 30% bull run pullbacks, a key bull market structure level, the 50-Weekly Exponential Moving Average, has been cracked amid intense sell-off. Saylor added that Strategy can survive another 80-90% BTC drawdown.  Can Strategy’s $835M bid ease BTC plunge? That being said, Strategy held BTC even during the past crypto winter and is likely to withstand the next one. The firm added 8,178 BTC (worth $835.6 million) on the 17th of November, bringing its entire holdings to 649,870 BTC. Per SEC filing, the latest purchase was funded mostly by the sale of Euro-based STRE preferred stock.  However, with the price decline, Strategy’s unrealized profit on… The post Why Bitcoin’s 30% drawdown is a ‘healthy thing,’ reveals Michael Saylor  appeared on BitcoinEthereumNews.com. Key Takeaways  Why is Saylor positive about the drawdown?  According to him, it’s a healthy market reset that flushes out excess leverage and weak hands for the next rebound to a new all-time high.  What’s the impact of Strategy’s $835M bid?  It didn’t taper off broader BTC selling pressure, as ETFs have been net sellers for the past few weeks.  While a section of the crypto community appears worried about Strategy following Bitcoin’s [BTC] decline in Q4, the founder, Michael Saylor, remains bullish on the asset.  In an interview with Fox Business, Saylor maintained BTC value proposition remained intact despite erasing yearly gains.  He said,  “Bitcoin has been around for 15 years, has had 15 major drawdowns. It has always come back to a new all-time high.” He added, “This (drawdown) is normal in the lifecycle of an emerging transformational asset class. It’s a healthy thing, it clears out the tourists, the leverage, and the weak holders and sets the base for the next rally upwards.” The crypto asset has shed over $35K or 29% after dropping from $126k to $90k in the past few weeks.  Source: BTC/USD, TradingView  Although the decline was still within the 30% bull run pullbacks, a key bull market structure level, the 50-Weekly Exponential Moving Average, has been cracked amid intense sell-off. Saylor added that Strategy can survive another 80-90% BTC drawdown.  Can Strategy’s $835M bid ease BTC plunge? That being said, Strategy held BTC even during the past crypto winter and is likely to withstand the next one. The firm added 8,178 BTC (worth $835.6 million) on the 17th of November, bringing its entire holdings to 649,870 BTC. Per SEC filing, the latest purchase was funded mostly by the sale of Euro-based STRE preferred stock.  However, with the price decline, Strategy’s unrealized profit on…