Michael Saylor is the executive chairman of Strategy. He believes that the appeal of Bitcoin to institutional investors could come at a cost to the thrills and excitements which attract some retail investors.
“You want the volatility to decrease so the mega institutions feel comfortable entering the space and size,” Saylor told Natalie Brunell, Coin Stories podcast on YouTube.
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 claimed that the following is true “growing stage” Bitcoins are a (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 21st, when it was $114.618. according CoinMarketCap.
Some analysts think that Bitcoin, and other cryptocurrencies could rise in value if the US Federal Reserve cuts interest rates again later this year.
Bitcoiners have different opinions on the future of bitcoin’s price
But Bitcoiners disagree on the direction of the price for the remainder of 2018.
BitMEX co-founder Arthur Hayes Bitcoin analyst PlanC believes the price will not peak until next year.
Meanwhile, crypto analyst Benjamin Cowen recently said that Bitcoin Can experience a “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 explained that Bitcoin innovation, new products and the market are in their early stages. “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 several products.
“There’ll be a lot of mistakes made and there’ll be a lot of fortunes created,” He added.
At the date of publication, Bitcoin-treasury firms listed publicly held about $117.91billion. according You can also find out more about the following: BitcoinTreasuries.NET.
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Source: cointelegraph.com
