Saylor defends Bitcoin volatility as long-term feature

MicroStrategy’s Michael Saylor frames Bitcoin’s sharp drawdowns as “Satoshi’s gift,” arguing volatility rewards long-term holders, not short-term traders.

Summary

• Saylor says Bitcoin volatility is “Satoshi’s gift to the faithful,” casting sharp price swings as a feature that rewards long-term conviction over trading.​
• He reiterates his “Rules of Bitcoin” — “Buy Bitcoin. Don’t sell the Bitcoin.” — stressing that drawdowns are structural, not a sign of market failure.​
• With MicroStrategy holding large BTC reserves through multiple cycles, his comments echo narratives that typically resurface

MicroStrategy co-founder Michael Saylor addressed Bitcoin’s (BTC) recent volatility with remarks positioning price instability as an inherent characteristic of the digital asset rather than a deficiency, according to statements posted on social media.

“Volatility is Satoshi’s gift to the faithful,” Saylor wrote, describing sharp price movements as a mechanism that rewards long-term conviction over short-term trading strategies.

The comments came as Bitcoin experienced downward pressure, with increased volatility and weakened market sentiment characterizing recent trading sessions. Bitcoin has recorded accelerated declines in recent periods, prompting market participants to reevaluate risk exposure and investment timeframes, according to market observers.

Saylor vocal as always on the price of Bitcoin

Saylor accompanied his volatility remarks with a separate post outlining what he described as “The Rules of Bitcoin,” stating: “Buy Bitcoin. Don’t sell the Bitcoin.” The statements align with positions Saylor has maintained publicly for several years regarding long-term Bitcoin ownership strategies.

The perspective presented by Saylor interprets large price swings as a transfer mechanism that moves ownership from short-term holders to participants willing to endure uncertainty, rather than as evidence of market instability.

Similar narratives typically emerge during periods of market stress when volatility increases and sentiment deteriorates, according to market analysts. The comments do not provide specific price forecasts or near-term market predictions.

Saylor’s remarks emphasize a view held by some long-term Bitcoin holders that drawdowns represent an integral component of Bitcoin’s structure rather than aberrations from expected performance.

MicroStrategy, where Saylor serves as executive chairman, holds significant Bitcoin reserves as part of its corporate treasury strategy. The company has maintained its Bitcoin acquisition approach through multiple market cycles since initiating purchases in 2020.