Despite the recent downturn in the cryptocurrency market, Strategy founder and CEO Michael Saylor remains optimistic about Bitcoin’s long-term prospects. He stated that Bitcoin is expected to outperform traditional assets in the coming years, with performance projected to be two to three times that of the U.S. stock market’s S&P 500 index.
During an interview with CNBC’s Squawk Box on Tuesday, Michael Saylor said, “I believe that over the next four to eight years, Bitcoin’s performance will be twice, or even three times, that of the S&P 500.”
As Michael Saylor voiced his confidence, the crypto industry was experiencing a severe winter. Bitcoin fell below the $70,000 mark, down more than 45% from its all-time high of $126,000 set in October last year. This decline also dragged Strategy’s stock price down to $103, which has since rebounded to $133, but remains over 70% below its record high of $457.22 in July last year.
Despite the bearish market sentiment, Strategy continued to increase its holdings. Last week, it invested approximately $90 million to acquire an additional 1,142 Bitcoin, bringing its total holdings to 714,644 coins, accounting for over 3.4% of the total Bitcoin supply. However, with the recent decline in the crypto market, Strategy’s large Bitcoin position currently faces an unrealized loss of about $5.2 billion.
In response to concerns that continued low prices might force Strategy to sell Bitcoin to ease financial pressure, Michael Saylor firmly rebutted, “We will never sell our coins to cash out.”
“We will keep adding more. I expect we will buy Bitcoin every quarter, forever.”
Strategy CEO Phong Le also mentioned during the earnings call that only if Bitcoin’s price crashes by 90%, dropping to around $8,000, and remains at that level for five to six years, would it pose a material threat to the company’s ability to service its convertible bonds.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Analyst predicts Bitcoin may bottom out in October 2026, rebutting the "Four-Year Cycle is Dead" theory
Gate News Report, March 8, Analyst @alicharts released a four-year cycle chart for Bitcoin, refuting the market's "four-year cycle is dead" view. The analyst predicts that Bitcoin's price may bottom out in October 2026 and assesses that the current market is in a bear phase.
GateNews1h ago
Bitcoin Hits Most Oversold Level in 11 Years, Sentiments Shift Drastically as BTC Price Swings
Bitcoin hits most oversold level in 11 years.
Sentiments shift drastically as BTC price swings.
Bitcoin value surged to above $70,000 and then below in a matter of days.
Sentiments for the crypto market to recover and see BTC surge to higher targets were high yesterday as BTC
CryptoNewsLand2h ago
After a 15% drop from the weekly high, is Ethena facing the risk of a deeper decline?
Ethena (ENA) experienced a brief surge to $0.12, driven by optimistic sentiment and increased trading volume. However, it has since dropped about 15%, revealing long-term bearish trends. Resistance levels suggest potential further declines towards $0.085.
TapChiBitcoin4h ago
Willy Woo: BTC's early decline was too rapid, and it is now creating conditions for a rebound to $85,000.
On March 8th, analyst Willy Woo pointed out that Bitcoin faced resistance near $75,000, but since mid-February, capital flows have been recovering, and market sentiment may shift toward risk appetite. Although there is a short-term rebound opportunity, in the long term, Bitcoin remains in the mid-stage of a bear market and may experience sideways consolidation and test resistance levels.
GateNews11h ago
Bitcoin May Be Closer to a Bottom Than Most Think, Chart Signals
The Bitcoin price slipped about 2% today, trading slightly below $68,000 after pushing above $73,000 earlier this week, as already covered on our site. The move added fresh pressure to a market that still feels shaky, especially after several failed attempts to hold higher levels.
Still, not e
CaptainAltcoin16h ago
