Saylor Downplays Wall Street Impact as Bitcoin Volatility Eases

Quick Breakdown 

• Michael Saylor says Bitcoin volatility is decreasing and rejects claims that Wall Street’s involvement has destabilised the market.
• Strategy’s mNAV and MSTR share prices have fallen alongside Bitcoin’s 12% weekly drop.
• Saylor insists the company can survive an 80–90% BTC drawdown, though trader Peter Brandt warns that Strategy could still be at risk.

 

Says BTC market is “stronger than ever” despite price slump

Strategy executive chairman Michael Saylor has brushed aside worries that Wall Street’s growing involvement in Bitcoin has distorted the asset’s volatility and market behaviour.

₿etter than Ever. Today I was the warm-up act for @natbrunell as we both talked Bitcoin with @cvpayne . You’ll want to hear what she had to say. pic.twitter.com/vDaFceyeza

— Michael Saylor (@saylor) November 18, 2025

Speaking during a Fox Business interview on Tuesday, Saylor argued that Bitcoin has actually become more stable over time. “I think we’re getting a lot less volatility,” he said, noting that the cryptocurrency has matured significantly since institutional players entered the market.

Bitcoin’s volatility trend points downward

Saylor recalled that when Strategy (formerly MicroStrategy) began accumulating Bitcoin in 2020, the asset carried an annualized volatility of roughly 80%. Today, he estimates that figure has dropped to about 50%, with further declines likely as Bitcoin continues to develop.

He projected that every few years, Bitcoin could shed another “five points of volatility” until it eventually aligns at about 1.5 times the volatility of the S&P 500, while also delivering “1.5 times better performance.”

Bitcoin itself has had a turbulent week, slipping nearly 12% to about $91,616, erasing gains made earlier in 2025, per CoinMarketCap.

Strategy’s mNAV falls as BTC pullback hits shares

Despite Saylor’s upbeat stance, Strategy’s metrics have not been immune to the correction. The firm now holding 649,870 BTC valued at $59.59 billion according to SaylorTracker, has seen its mNAV multiple drop to 1.11x, down from about 1.52x when Bitcoin hit a record high of $125,100 on October 5.

The company’s stock has mirrored Bitcoin’s downturn. Strategy (MSTR) closed Tuesday at $206.80, marking a 11.50% decline over the last five days, based on Google Finance data.

Saylor claims Strategy can weather even a major crash

Even with the market cooling, Saylor insists he’s unfazed.

“The company is engineered to take an 80 to 90% drawdown and keep on ticking,”

he said, adding that Strategy’s leverage is currently “extremely robust,” with debt exposure trending toward “the level of 10 to 15% going toward zero.”

He described the company as “pretty indestructible.” Meanwhile, Bitcoin analyst Willy Woo believes that Strategy is well-positioned to weather the next major crypto downturn without liquidating any of its vast BTC reserves.

 

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