MicroStrategy Dey Prepare for 90% BTC Drop as Volatility Dey Fall
MicroStrategy don talk say dem ready to survive if Bitcoin drawdown reach like 80-90%, as Bitcoin volatility don fall from nearly 80% for 2020 reach about 50% now. Executive Chairman Michael Saylor dey predict say volatility go continue to reduce, dat one mean say market dey mature and e go make long-term investment stable. Di company get 649,870 BTC for average cost of $74,443, dis one make their net asset value multiple be 1.11x after recent price corrections from 1.52x for October peak. Between November 10 and 16, MicroStrategy buy 8,178 BTC for $835 million, dem deny any sale rumor. Increase in institutional investment—from Canada’s CPP pension fund to Florida’s pension board—show say people dey get confidence for Bitcoin as long-term store of value. Saylor dey predict say Bitcoin volatility go finally stabilize at 1.5 times of S&P 500 and still go perform pass traditional benchmarks.
Bullish
Di kain di tori dem show say Bitcoin volatility dey fall and institution dem dey buy more, na key bullish signal for traders. For short term, wen volatility low e fit reduce trading risk and make more people wan enter. MicroStrategy buy $835 million BTC and dem fit carry 90% drawdown, e make pesin trust say strong hands dey resist sell-off. For long term, forecast say volatility go stabilize at 1.5x of S&P 500 and BTC go still dey perform pass traditional benchmark, e mean say BTC price fit continue dey go up.