According to Strategy’s executive chairman Michael Saylor, the excitement that some investors find in Bitcoin could be lost if it becomes more attractive to institutions.
“You want the volatility to decrease so the mega institutions feel comfortable entering the space and size,” Saylor told Natalie Brunell’s Coin Stories Podcast, published on YouTube Friday.
Michael Saylor claims that it’s a “conundrum”
“The conundrum is, well, if the mega institutions are going to enter, if the volatility decreases, it is going to be boring for a while, and because it’s boring for a while, people’s adrenaline rush is going to drop,” Saylor explained.
“It’s like they had this big high and now the adrenaline is wearing off and they’re a little bearish.”
Saylor stated that this is what she meant “growing stage” Bitcoin is a part of the natural (BTCLife cycle and volatility “coming out” It is good to see the asset.
Some market participants are asking why Bitcoin hasn’t increased in price since hitting an all-time high of $124,100 on August 14. Bitcoin’s price is $115.760 as of the publication date, which is very close to August 21, when it was $114.618. according CoinMarketCap is a great place to start.
Although it was generally believed that US Federal Reserve’s interest rate reduction on Sept. 17, 2017 was already priced into the market, some analysts believe that additional cuts in later part of this year may push Bitcoin and crypto assets to higher levels.
Bitcoiners disagree on what price they expect to see.
The Bitcoin community is divided over the future of this asset.
BitMEX co-founder Arthur Hayes Bitcoin analyst PlanC does not expect the market to peak this year.
Meanwhile, crypto analyst Benjamin Cowen recently said that Bitcoin You may have a traumatic experience. “70% drawdown from whatever the all-time high ends up.”
Related: Bitcoin price $150K target comes as analyst sees weeks to all-time highs
Saylor stated that Bitcoin innovations and new products were still at an early stage, since the market was still a young one. “getting educated.”
“This is the digital gold rush in the 10 years from 2025 to 2035,” He said that many new business models will emerge and different products.
“There’ll be a lot of mistakes made and there’ll be a lot of fortunes created,” He added.
At the time this article was published, Bitcoin Treasury Companies listed on public exchanges held approximately $117.91 Billion in Bitcoin. according You can also find out more about the following: BitcoinTreasuries.NET.
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Source: cointelegraph.com
