Bitcoin has dropped nearly 25% since peaking at around $109,000 in January 2025. Despite this downturn, Michael Saylor, founder of MicroStrategy, maintains an optimistic outlook, recently purchasing an additional $10.7 million in Bitcoin amid growing institutional interest.

Bitcoin

Currently, Bitcoin is priced below $100,000, a significant psychological threshold, as it edges towards $80,000. Traders are adopting a cautious yet hopeful stance, indicating a potential recovery based on historical patterns of significant price rebounds following sharp declines.

Are There Signs?

The cryptocurrency market exhibits usual volatility, with Bitcoin historically facing drops of 20-40% after rapid gains. This cycle could repeat, given the rally seen in 2024, where Bitcoin achieved new highs.

However, the overall sentiment is beginning to shift positively. As reported, open interest in Bitcoin futures is decreasing, suggesting that speculative traders are exiting, leaving behind steadfast investors.

Notably, the Crypto Fear and Greed Index indicates a shift from “extreme fear” to “fear,” creating a stronger case for a price floor.

Michael Saylor’s Outlook

Michael Saylor highlights that institutions are not backing down from Bitcoin investment. In a recent series of transactions, institutions accumulated over $274 million in Bitcoin-backed shares, marking substantial inflows since February.

In addition, MicroStrategy has shown aggressive investment behavior, buying 130 BTC for approximately $10.7 million. Saylor remains bullish on Bitcoin despite challenges posed by economic policies, asserting that Bitcoin is crucial for America’s digital supremacy and a hedge against inflation.

“The Strategic Bitcoin Reserve represents a strategy for U.S. digital supremacy in the 21st century.” - Michael Saylor

With upcoming FOMC meetings on the horizon, analysts are keenly observing potential policy shifts that might further influence Bitcoin’s market trajectory.