In a recent interview with real estate mogul and Bitcoin advocate Grant Cardone, Strategy Executive Chairman Michael Saylor stated that Bitcoin has stabilized and the market bottom is already in. He emphasized that “most of the liquidation selling is out of the system.” According to Saylor, forced selling has largely worked its way through the market after months of deleveraging, and the asset is poised for its next upward move.
Short-Term Trading vs. Long-Term Investing
When Cardone pressed Saylor on where Bitcoin might head next and how low it could fall in the current cycle, Saylor replied that he views the market as firming around current levels and believes the asset should “rally from here,” framing the worst of the downturn as already behind investors. He stressed that for those with a 12-month or shorter time frame, they are traders and he has zero advice. However, for entrepreneurs or investors, he recommends a holding period of 4 to 10 years. Saylor recounted Strategy’s initial purchase of Bitcoin at roughly $11,800 in 2020, which immediately dropped to around $9,600. He called this experience “instructive,” underscoring that Bitcoin ownership requires long-term conviction rather than expectations of immediate returns.
Strategy’s Bitcoin Strategy and Risk Assessment
Saylor explained that Strategy turned to Bitcoin in 2020 as a defensive move against collapsing yields on cash. The firm’s $500 million in treasury holdings had effectively been “reduced to zero” in real returns during the pandemic era when rates were pushed down. He argued that Bitcoin’s limited supply and global liquidity profile make it a superior alternative to traditional cash reserves. When asked about risk, Saylor noted that the firm would not face material balance-sheet risk unless Bitcoin were to fall more than 90% from current prices—a scenario he described as unrealistic. He reiterated that even deep drawdowns would not lead the company to liquidate its holdings.
Saylor emphasized that Bitcoin’s structural characteristics differentiate it from traditional assets. He views it as a technology-driven monetary network with long-term global demand. While short-term macro narratives can overwhelm fundamentals, those waves of sentiment do not affect his outlook for Bitcoin as a scarce digital commodity. For now, Saylor maintains that the cycle’s floor is already set and that Bitcoin is preparing for its next move upward—an assessment that continues to guide Strategy’s long-standing accumulation strategy.