On the 20th (local time), Michael Saylor posted on X that, “If it doesn’t go to zero, it will reach a million,” underscoring his confidence in Bitcoin’s long-term trajectory due to its scarcity and rising demand. Bitcoin has been trading around $67,100 as it undergoes a pullback from its all-time high near $126,200, a decline of roughly 47%. Saylor described this drop as temporary and reiterated the case for a patient, long-term investment in Bitcoin.
Stratgie currently holds about 717,131 BTC, based on an average purchase price of $76,027 per BTC. Yet some analysts warn of downside risks. Bloomberg commodity strategist Mike McGlone has suggested prices could fall as low as $10,000, and Fortune magazine labeled Stratgie “a very risky business.” Stratgie carries about $8.2 billion in debt and a heavy burden from high-cost preferred dividends, leaving it vulnerable to short-term volatility.
On-chain analytics firms Santiment and Glassnode note that network activity and liquidity have eased somewhat, though Saylor argues this slowdown helps filter out non-long-term holders and strengthens the case for genuine long-term investors. As of the morning of the 21st, Bitcoin traded at $67,805, Ethereum around $1,962, with other major altcoins posting modest gains.
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