MicroStrategy founder Saylor: Don't worry about Wall Street giants entering BTC, 'freedom' is the most beautiful characteristic of BTC

MicroStrategy founder Michael Saylor, who has been bullish on Bitcoin (BTC), discussed the market volatility and the impact of Wall Street giants entering the market in an interview on 12/30. Saylor stated that market freedom is the most beautiful characteristic of BTC.

Market volatility is panic or manipulation

Saylor pointed out in the interview that the BTC market usually experiences violent fluctuations on weekends or during non-primary trading hours, possibly because some well-funded whales are taking actions contrary to market expectations. He mentioned, "When the price suddenly surges or plummets during what should be a stable period, it may be due to some people panicking, or they are employing specific strategies different from the majority of market participants."

As an example, Saylor pointed out that some investors may be misled by false information, such as listening to the advice of a certain expert or wrong information, and buying or selling BTC in an irrational state. However, the market will ultimately make these people pay the price.

BTC's high volatility and the freedom of leverage

Saylor emphasizes that the BTC market is global and can be traded 24 hours a day without interruption, unlike the traditional financial markets. He added that BTC trading allows leverage of up to 50 or even 100 times, far exceeding the 2 times leverage limit of Wall Street's traditional financial markets.

Saylor believes that the 'extreme freedom' nature of the BTC market allows capital to enter or withdraw quickly. It sounds quite attractive, but volatility and risks also increase significantly. 'In the traditional financial market, you cannot sell billions of dollars of assets immediately on Saturday night due to a fake news. But in the BTC market, it's different. You can sell them in 1 minute,' Saylor described.

Manipulation or necessary process of free market?

Regarding the issue of 'market manipulation,' Saylor believes that the trading behavior of market participants is a manifestation of freedom rather than pure manipulation. He said: 'Some investors sell in the morning and buy back in the afternoon, which some critics see as manipulation, but in fact, it provides liquidity to the market and compresses bid-ask spreads.'

Saylor further said that the BTC market is a high-speed spinning top, which looks quite chaotic on the surface, but in fact the trading base is stable. "This volatility is actually a sign of the healthy functioning of the market, because it allows the right investment behavior to obtain a reasonable return, and the wrong behavior will be eliminated naturally."

The ultimate meaning of the free market

Saylor concludes that although the volatility of the BTC market has caused much controversy, its 'free' nature allows every participant to trade freely worldwide. Whether making rational decisions or irrational actions, the market will ultimately self-adjust. 'BTC may be the freest and fairest market in the world at present. Interested investors can freely choose how to act, and even bear the cost of foolishness. This is the true meaning of a free market.'

As for the future development of the BTC market, Saylor believes that the volatility of BTC will not disappear, nor does it need to, because this is precisely what makes it so attractive, and it is also the core value of a free market.

(MicroStrategy buys another 2,138 BTC! MicroStrategy's fourth-quarter and full-year BTC investment performance is impressive)

This article, MicroStrategy founder Saylor: Don't worry about Wall Street giants entering BTC, 'freedom' is the most beautiful feature of BTC, first appeared in Chain News ABMedia.