The head of the largest public Bitcoin holder believes that a strong support level has formed for the first cryptocurrency, and many long-term holders have already sold the first cryptocurrency at an average price of $100,000. “The market has been cleared of excessive leverage, and Bitcoin should start growing again soon. Over five years, Bitcoin has seen six sharp downturns, but the average growth is 50% per year. Gold and the S&P stock index are far behind with their ~14%,” Sailor wrote on his X account. The businessman hopes that volatility will not hinder the rise in the quotes of the first cryptocurrency, and the risks for Strategy from an asset price drop are minimal. The market situation in the near future will be determined by macroeconomic factors and liquidity. Demand for cryptocurrencies, despite the recent decline, will recover in the medium term, the entrepreneur suggested. Earlier, Michael Saylor stated that by 2035, Bitcoin could surpass gold in market capitalization and become more valuable than the main precious metal.
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