Michael Saylor Stays Bullish on Bitcoin Despite $2,500 Price Drop

Bitcoin advocate and MicroStrategy executive chairman Michael Saylor has addressed the recent decline in Bitcoin's price, which dropped by over $2,500 within hours. Despite the dip, Saylor maintains a long-term bullish stance on BTC. Over the past 24 hours, Bitcoin (BTC) fell 2.33%, sliding from $106,150 to around $103,400. Since peaking at $108,850 earlier in the week, BTC has seen a 4.87% decline.

In a recent social media post, Saylor used a reference to The Matrix to express his views, saying that "tickets to escape the matrix are priced in Bitcoin." The statement aligns with libertarian ideals that see Bitcoin as a tool to bypass traditional financial systems. However, Saylor distances himself from hardline Bitcoin anarchists, previously criticizing those who claim self-custody is the only acceptable way to hold BTC. After backlash, he clarified that both cold wallet storage and institutional custody are valid options.

On-chain data from Santiment shows a notable divergence in investor behavior. Wallets holding more than 10 BTC have increased by 231 in the past 10 days—a 0.15% uptick—indicating ongoing accumulation by large holders. Meanwhile, smaller wallets holding between 0.001 and 10 BTC have decreased by 37,465, reflecting waning confidence among retail investors.

Santiment interprets this trend as a potential bullish signal, historically linked to market recoveries. While short-term volatility continues, strong accumulation from whales suggests a foundation for future upward momentum.

Saylor’s unwavering confidence in Bitcoin, paired with ongoing institutional interest, reinforces the belief that the top cryptocurrency remains a long-term hedge and strategic asset, despite temporary price corrections.