Michael Saylor Stands Firm on Bitcoin: Why He Believes Volatility Is Decreasing Despite Market Crash
- Has Bitcoin Really Become Less Volatile?
- Wall Street's Impact: Stabilizer or Amplifier?
- MicroStrategy's Billion-Dollar Bet
- The Bull vs. Bear Showdown
- Your Bitcoin Volatility Questions Answered
Michael Saylor, the outspoken Bitcoin maximalist and MicroStrategy CEO, is doubling down on his bullish stance even as BTC faces a 12% weekly drop. In a recent interview, he argued that Bitcoin's volatility has significantly decreased since 2020, dismissing concerns about Wall Street's influence. Meanwhile, MicroStrategy continues accumulating BTC at an accelerated pace, now holding nearly 650,000 coins worth ~$60 billion. But not everyone shares Saylor's Optimism - critics like Peter Brandt warn of potential "underwater" scenarios. Let's break down the facts behind this heated debate.
Has Bitcoin Really Become Less Volatile?
According to Saylor's analysis, Bitcoin's annualized volatility has dropped from ~80% in 2020 to approximately 50% today. He bases this on MicroStrategy's internal metrics since beginning their massive BTC accumulation strategy. "Every few years, Bitcoin's volatility should decrease by five additional points," Saylor predicts, aiming for volatility just 1.5x that of the S&P 500. However, TradingView charts show BTC's 30-day volatility spiked to 65% during the recent sell-off, suggesting the picture might be more nuanced than Saylor presents.
Wall Street's Impact: Stabilizer or Amplifier?
Saylor vehemently denies that institutional involvement through spot ETFs has increased volatility: "Bitcoin is stronger than ever." Yet some analysts point to growing correlations with traditional markets during stress periods. The numbers tell an interesting story - when BTC broke below $90,000 last week, MicroStrategy's stock (MSTR) fell 11.5%, showing tighter coupling than in previous cycles. JP Morgan analysts note this developing relationship in their latest crypto research report.
MicroStrategy's Billion-Dollar Bet
The company recently purchased 8,178 BTC for $835 million - twenty times their typical weekly buying pace. Their total holdings now represent ~3.1% of Bitcoin's circulating supply. Financial statements reveal MicroStrategy's market cap to NAV ratio dropped from 1.52x to 1.11x during the correction, reflecting investor nervousness. "We're designed to withstand an 80-90% price drop," Saylor claims, citing their preferred share structure that prevents shareholder dilution.
The Bull vs. Bear Showdown
Veteran trader Peter Brandt draws parallels to the 1970s soybean bubble, warning MicroStrategy could get "caught underwater." Gold bug Peter Schiff continues calling their business model "a scam." Meanwhile, S&P recently gave MicroStrategy a B- credit rating, and several banks are exploring BTC-backed loans - small validations for Saylor's strategy. As of November 2025, the bitcoin faithful remain steadfast, but the coming months will test whether this conviction survives real-world market pressures.
This article does not constitute investment advice. Market data sourced from CoinMarketCap and TradingView.
Your Bitcoin Volatility Questions Answered
How much Bitcoin does MicroStrategy own?
As of November 2025, MicroStrategy holds 649,870 BTC worth approximately $60 billion at current prices.
What was Bitcoin's volatility in 2020 compared to now?
According to Saylor, BTC's annualized volatility was around 80% in 2020 versus approximately 50% today.
How has MSTR stock performed during Bitcoin's recent drop?
MicroStrategy shares fell 11.50% over five days as BTC declined below $90,000.
