Michael Saylor Says Strategy Is Bitcoin's 'Shock Absorber,' Not A Systemic Risk

Strategy Inc. (NASDAQ:MSTR) Executive Chairman Michael Saylor rejected claims that his company poses a systemic risk to Bitcoin (CRYPTO: BTC), arguing that the company has instead acted as a major source of liquidity and support during the current bear market.

‘We Are A Shock Absorber‘

Speaking at BTCPrague in a fireside chat with Julian Liniger, Saylor reassured Bitcoin remains the dominant global digital capital network and compared its current price action to prior periods when high-quality assets traded near long-term support.

Bitcoin has fallen from around $120,000 to roughly $60,000 over the past eight months, bringing it near its 200-week moving average.

Saylor described that level as a key long-term support zone and a rough measure of Bitcoin’s "book value."

He pushed back strongly against the idea that Strategy could destabilize Bitcoin.

Saylor noted that while the company sold just 32 BTC during the current bear market, it has bought roughly 250,000 BTC on a net basis.

"In what way are we a systemic risk?" Saylor said. "We're the ones keeping the market from crashing more."

He described Strategy as a "shock absorber" for Bitcoin, saying its equity and credit instruments attract capital that might otherwise not enter the Bitcoin market.

Bitcoin Dominance And $100 Trillion Thesis

Saylor highlighted that Bitcoin dominance has climbed from around 40% during the peak of speculative crypto excess to nearly 70%, showing that capital has consolidated around Bitcoin as the leading digital monetary network.

"There is no second best," he vouched.

He argued that if just 10% of global capital eventually becomes digital, Bitcoin could represent a $100 trillion opportunity.

"What does it matter if it trades at $30,000, $60,000 or $90,000?" Saylor said. "The market need is $100 trillion or more."

For Saylor, the long-term thesis remains unchanged. Bitcoin is the dominant digital capital network, and Strategy is building the financial infrastructure to help global capital flow into it.

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