Michael Saylor, the executive chairman of MicroStrategy and a prominent advocate for Bitcoin, surprised many with his statement on the possibility of a considerable decline in Bitcoin’s value. During an interview with Yahoo Finance, he discussed the potential for an 80% crash in Bitcoin's price by the end of its current cycle.
Despite owning almost 2% of the total Bitcoin supply through MicroStrategy, Saylor remains mindful of the risks involved. He emphasized this risk as theoretical but cautioned investors to be aware of Bitcoin's cyclical nature, including significant price fluctuations.
Saylor's comments pique interest, as they come from a well-known Bitcoin supporter. However, they serve as a reminder to the crypto community of the speculative nature of digital currencies and the importance of understanding the potential for substantial volatility in the markets.
