“Bitcoin Is Stronger Than Ever”: Michael Saylor Rejects Claims That Wall Street Has Increased Volatility
By Amin Ayan, Crypto Journalist | Last updated: November 19, 2025
Michael Saylor, Executive Chairman of MicroStrategy, recently pushed back against widespread concerns that rising Wall Street involvement in Bitcoin has amplified the cryptocurrency’s price volatility. Contrary to popular belief, Saylor argued that Bitcoin has become more stable over time despite growing institutional adoption.
Bitcoin’s Volatility Has Narrowed, Not Widened
Speaking to Fox Business on Tuesday, Saylor highlighted a key point: Bitcoin’s price swings have actually diminished as more institutional players have entered the market.
“We are getting a lot less volatility,” Saylor said, underscoring his belief that increased participation by mainstream investors has not destabilized Bitcoin, but rather signifies its growing maturity as an asset.
When MicroStrategy began its Bitcoin accumulation in 2020, the crypto’s annualized volatility was near 80%. Today, Saylor estimates it has dropped to approximately 50%. He further projected that in the future, Bitcoin’s volatility could stabilize at around 1.5 times that of the S&P 500 — and outperform it in terms of returns.
Recent Market Dip Tests Confidence
Bitcoin has endured a turbulent week, falling nearly 12% to $91,616, effectively erasing 2025 gains, according to CoinMarketCap data. This drop weighed on MicroStrategy’s metrics as well, affecting their market NAV (mNAV) and the price of their shares (MSTR), which closely track Bitcoin’s performance.
MicroStrategy holds a considerable Bitcoin reserve of around 649,870 BTC, valued at roughly $59.6 billion at the time of writing, based on data from SaylorTracker.
Despite these setbacks, Saylor remains confident. “Bitcoin is stronger than ever,” he said, emphasizing that the firm is built to endure significant downturns, including drawdowns of 80-90%.
Currently, MicroStrategy’s mNAV multiple is 1.11x, down from the peak of 1.52x observed when Bitcoin hit $125,100 on October 5. Likewise, MSTR shares closed at $206.80 on Tuesday, reflecting an 11.5% decline over the past five days.
Dissenting Views and Broader Market Impact
Not all experts share Saylor’s optimism. Veteran trader Peter Brandt warned that MicroStrategy could potentially end up “underwater” if Bitcoin’s price follows patterns similar to historic bubbles, such as the soybean bubble of the 1970s, a comparison he has mentioned repeatedly.
Adding to current market pressures, Bitcoin dipped below $90,000 on Tuesday — a level not seen since April. This drop marked a severe setback for ETF investors, as the average flow-weighted cost basis for Bitcoin ETFs now sits around $89,600, pushing many investors into negative territory.
This downward trajectory caused significant ETF outflows, including a $254 million wave of redemptions from U.S. Bitcoin funds on November 17 alone, led by major withdrawals from BlackRock’s IBIT and the Grayscale Bitcoin Trust (GBTC).
The broader cryptocurrency market also showed signs of strain. Bitcoin dominance slipped below 60%, while Ether fell under $3,000, and other major altcoins such as XRP, Binance Coin (BNB), and Solana posted losses of up to 5.6%.
Saylor Stands Firm on Bitcoin’s Long-Term Outlook
Despite the near-term volatility and criticism, Michael Saylor remains steadfast in his belief that Bitcoin’s trajectory is fundamentally sound. He dismissed fears of prolonged downturns and maintained that institutional participation is a sign of Bitcoin’s evolution into a mature, durable asset.
“The company is engineered to take an 80 to 90% drawdown and keep on ticking,” Saylor said confidently. “We’re pretty indestructible.”
Cryptocurrency Market Snapshot (As of November 19, 2025)
- Bitcoin (BTC): $90,814.47 (-3.07%)
- Ethereum (ETH): $3,010.40 (-4.73%)
- Solana (SOL): $135.70 (-3.94%)
- XRP: $2.11 (-5.61%)
The ongoing price adjustments across leading cryptocurrencies reflect broader market stress, yet industry proponents like Saylor argue the crypto space is entering a new phase of stability and institutional integration.
About the Author
Amin Ayan is a seasoned crypto journalist with over four years of experience covering blockchain, cryptocurrency markets, and digital assets. He has contributed to leading publications including Cryptonews, Investing.com, and 24/7 Wall St.
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Disclosure: This article is for informational purposes only and does not constitute investment advice.