Bitcoin and Saylor's Defense Against Skeptics

MicroStrategy has been the center of attention in the market lately, especially after some feared that the company was out of funds when it did not publish its weekly buy out of Bitcoin recently. Co-founder Michael Saylor responded emphatically through an interview with CoinDesk that he recorded when BTC hit 80,000 dollars.

The Three Keys of Saylor's Message

MicroStrategy Has Money

Saylor was clear: “We regularly publish in the 8-K how many bitcoins we buy out, you don't need to keep asking.” The evidence is in the numbers. On November 17, the company acquired 8,178 BTC in one go, while they normally buy between 200-400 bitcoins weekly. This represents approximately 30 weeks of normal purchases consolidated into a single transaction. If they really cared about maintaining the appearance of continuous buying, they could have split it into multiple transactions. The fact that they did it all at once demonstrates confidence in their capital capabilities.

Volatility is an Advantage, not a Disadvantage

According to Saylor, the volatility of Bitcoin is exactly what makes it valuable. If Bitcoin predictably rose 2% every month without fluctuations, traditional investors like Warren Buffett would have already dominated the market. Volatility is what creates opportunities for both institutional and retail investors.

Do Not Fear Volatility

In a revealing analogy, Saylor compared volatility to fire and electricity: “Fire burns, electricity can electrocute, they seem dangerous. But cars work because humans learned to put fire and electricity inside them.” In the same way, MicroStrategy sees its role as mastering the volatility of Bitcoin, channeling that energy to drive progress.

The Market Context

MicroStrategy's shares have fallen approximately 70% in the last year, and it was recently removed from certain indices. However, the timing of this massive compra of Bitcoin suggests that Saylor sees lower prices as an opportunity for strengthening, not a signal of weakness.

Michael Saylor has established himself as the most visible institutional advocate of Bitcoin after Satoshi Nakamoto, and his narrative continues to be influential in how large institutions perceive the volatility of the cryptocurrency market.