MicroStrategy executive chairman Michael Saylor has shrugged off concerns that Wall Street's entry into Bitcoin has adversely affected its price action and volatility, stating in an interview with Fox Business that the asset's volatility has trended lower over time.
According to Saylor, when he began acquiring Bitcoin for MicroStrategy in 2020, it carried an annualized volatility of about 80%, which has since decreased to approximately 50%. He emphasized that Bitcoin is likely to see another 5 points of volatility reduction every few years, potentially making it around 1.5 times as volatile as the S&P 500 Index while outperforming it by 1.5 times.
This comes as Bitcoin (BTC) fell nearly 12% over the past week to $91,616, erasing gains made in 2025. MicroStrategy holds 649,870 Bitcoin worth $59.59 billion, and its stock (MSTR) closed at $206.80, down 11.50% over five days. Saylor noted that the company's mNAV multiple slipped to 1.11x from 1.52x when Bitcoin hit its all-time high of $125,100 on October 5.
Saylor expressed confidence in MicroStrategy's resilience, claiming the firm is engineered to withstand an 80-90% drawdown in Bitcoin's price and remains indestructible. However, veteran trader Peter Brandt warned that if Bitcoin follows a historical bubble scenario akin to soybeans in the 1970s, MicroStrategy could be left underwater.
