Michael Saylor: Current BTC downturn is mild, will pass quickly

MicroStrategy (MSTR) founder Michael Saylor predicted in an interview with Fox Business that the current Bitcoin downturn is mild compared to past cycles and will soon be followed by a strong rally. He argued that while previous bear markets were much deeper and longer, the current correction will pass quickly, allowing the market to find new growth drivers. Saylor cited support from U.S. President Donald Trump and growing institutional adoption as key factors. He noted that while MicroStrategy is currently at a loss on its BTC holdings, the company can manage its debt even if Bitcoin's price were to fall to $8,000. Looking ahead, he said the company plans to convert its convertible notes into stock within the next three to six years and will continue to purchase additional BTC each quarter. Saylor emphasized that technological innovation and the development of digital credit networks are attracting capital, concluding that Bitcoin will ultimately win. MicroStrategy currently holds 717,131 BTC, acquired at an average price of $76,027, for a total value of $54.52 billion.