Michael Saylor Downplays Bitcoin Drop: 'Run Toward the Fire'

Michael Saylor, chairman of the strategy department at a leading exchange, downplayed the recent decline in Bitcoin during a speech on Wednesday. As the architect of the company’s cryptocurrency purchasing strategy implemented in 2020, the executive emphasized that Bitcoin is undergoing a significant transformation.

Saylor participated in the first day of Blockchain Week hosted by a major exchange in Dubai. In his remarks, he highlighted that the cryptocurrency industry experienced “one of the most interesting events of last year,” referring to “the adoption of global digital finance.”

“Capital markets are undergoing a revolution that is affecting exchange rates, credit, and derivatives. Much of the foundation for these changes starts with Bitcoin and the adoption of Bitcoin by the global financial community,” the executive commented.

Regarding the recent steep drop in cryptocurrencies, which even wiped out all gains observed in 2025, Saylor played down the move. “There is volatility and skepticism in the market, but there is skepticism for any new technology. There will always be doubts about new things, but I won’t let myself be affected, I won’t be afraid, and I won’t back down because of volatility.”

“Volatility shows the energy present there, the usefulness of this asset. Don’t run away from the fire, run toward it,” the Strategy chairman further stated. Saylor emphasized his view that “digital is changing the world. If you want to get things done, you need to think digitally. Digital assets will change the world.”

A New Phase for Bitcoin

In his speech, Saylor also shared his assessment that Bitcoin is “emerging as digital capital,” a movement that is a direct result of the US government’s new attitude toward the asset, with President Donald Trump beginning to encourage the expansion of the cryptocurrency market.

“This isn’t just rhetoric, because he pointed out a cabinet filled with several crypto advocates. The vice president is one. The Treasury Secretary is another. The SEC chairman is another. This is unprecedented support from those in power in the US government for this asset class. For Bitcoin to emerge as digital capital, it needs to be embraced by the global financial system,” he said.

Saylor believes this adoption is the biggest news since last year, particularly the adoption from banks and other traditional financial market firms, which until a few months ago “were critical” of the asset.

“Bitcoin is the economic, ethical, and technological foundation of the entire digital market. It is the reason for all of this because it has the greatest power: the most electricity, the most computing power, the most transaction power, the most political power, the most economic power,” he explained.

The executive believes that cryptocurrencies and blockchain technology can be used to “rethink insurance, banking systems, and asset trading. Strategy is focused on rethinking credit. Creating a new extraordinary type of credit. We hope to have the second largest corporate reserve of any asset within three years and be the leader within five years.”

He noted that during 2024 to 2025, the company raised $4.49 billion, all of which “will be invested in Bitcoin.” “Our bet is that Bitcoin will rise more than 1.6% per year. If it does, our stock will go up and be a good investment.”