- “Milder” and “shorter”
- Pro-Bitcoin White House
- Defending the Strategy
Speaking live on Fox Business, MicroStrategy Executive Chairman Michael Saylor confirmed on Tuesday that the digital asset market has entered a “crypto winter.”
This will be the fifth major drawdown for Bitcoin since Saylor entered the space five years ago.
“Milder” and “shorter”
When asked if the market was in the early stages of an extended bear cycle, Saylor was direct.
HOT Stories
Saylor: ‘We Are in Crypto Winter’
Crypto Market Review: XRP at Make-or-Break $1.50, Shiba Inu (SHIB) Enters Oversold Range, Is BTC Triangle Breakout Incoming?
“We are in a crypto winter,” Saylor admitted. “This is the fifth major drawdown of Bitcoin in the five years since I’ve been in the marketplace.”
However, he emphasized that this downturn differs significantly from previous cycles, predicting a rapid recovery due to institutional and political support.
“This is a much milder winter than previous winters. It’ll be shorter than previous winters. It’s going to be followed by a spring and then a glorious summer. So don’t fear,” he said.
Pro-Bitcoin White House
Saylor attributed his confidence to a fundamentally different macro environment compared to four years ago
He cited the embrace of digital assets by the banking sector and the current U.S. administration as key stabilizers.
“We’ve got the support of the administration…We’ve got 12 cabinet members that are pro-digital assets and pro-innovation,” Saylor explained.
Defending the Strategy
Fox Business pressed Saylor on MicroStrategy’s financials, noting that the company’s average Bitcoin acquisition cost of approximately $76,000 is now “materially above current market levels.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
10x Research: Altcoin Market Is Fragile and Bitcoin Is Oversold, but Positioning Structure Is Quietly Changing
The current crypto market is changing, with Bitcoin oversold and altcoins generally fragile. Optimism (OP) is under pressure, recently dropping by 24.4%. The partnership between the Base blockchain and OP Stack has ended, and Optimism has launched a token buyback program. Ether.fi has migrated its operations to the OP mainnet, providing fundamental support for OP.
GateNewsBot10m ago
"Has the 'true bottom' not arrived yet? Experts warn: Bitcoin may face a 'surrender sell-off' in the final dip"
Last week, Bitcoin experienced significant volatility, with daily drops of over 10%, nearly falling below $60,000. Although it later rebounded to $70,000, analysts believe that a true "capitulation sell-off" has not yet occurred, as the futures basis spread remains unchanged and does not indicate extreme market pessimism, suggesting that Bitcoin may still have further downside potential.
区块客16m ago
Cardano Faces Key Support Test at $0.244 Amid Market Uncertainty
Key Insights:
Cardano’s price has retreated to $0.281 after reaching $0.30, amid profit-taking and market uncertainty.
$0.244 remains a key support level for Cardano, with traders watching it closely for potential price stability.
New developments in Cardano’s ecosystem, including USDCx an
CryptoFrontNews20m ago
Bottoming out and aiming for a rebound by the end of the year! Standard Chartered predicts: Bitcoin may drop to $50,000, and Ethereum could fall to $1,400
Standard Chartered Bank has revised down its short-term outlook for the cryptocurrency market, predicting a potential wave of sell-offs in the coming months but remaining optimistic about a rebound by the end of the year. The Bitcoin target price has been lowered to $100,000, and Ethereum to $4,000, citing low confidence among ETF investors and economic uncertainties affecting market sentiment. Although the short-term outlook is bearish, the long-term market resilience remains positive.
区块客21m ago
Alt-Season Is Starting Now: Top 5 Altcoins Positioned for 2x–4x Returns as Bitcoin Loses Dominance
Bitcoin dominance weakness has historically aligned with early altcoin rotation phases.
Liquidity strength and network activity are currently prioritized over speculative narratives.
Large-cap and mid-cap altcoins are showing more stable structures than smaller
CryptoNewsLand1h ago
