Head of Strategy Sailor allowed a protracted recovery in the Bitcoin market 

2 hours agoЕвгения Слив

Michael Sailor, the chairman of Strategy, said that it could take two to seven years for the Bitcoin market to recover. He emphasized that for long-term investors, this period is a natural part of the market cycle, not a disaster. As an example, Sailor cited the fall of Apple’s stock in 2013, which subsequently proved to be a beneficial entry point for investors.

Seylor noted that the cryptocoin is gradually maturing, which leads to a decrease in extreme volatility. This is how he explained the inability of Bitcoin to surpass $126,000. He cited the limited integration of cryptocurrencies into the banking system as an additional pressure factor - large banks are not yet lending BTC.

Assessing the remote risks, the businessman said that the quantum threat to Bitcoin would not become a reality for another ten years. He expressed confidence that the industry will find adequate countermeasures, just as the banking system and Internet infrastructure have handled challenges before. Previously, Sailor confirmed that even as market conditions deteriorate further, Strategy will refinance liabilities rather than divest of accumulated digital reserves.

Head of Strategy Sailor allowed a protracted recovery in the Bitcoin market  | News