According to his latest interview, Strategy chairman Michael Saylor told host Grant Cardone, the real estate mogul and BTC evangelist, that bitcoin has finally steadied itself and is primed for its next climb, stressing that “most of the liquidation selling is out of the system.”

During the discussion, Cardone pressed Saylor on where bitcoin might head next and how low it could fall in the current cycle. Saylor replied that he views the market as firming around current levels and believes the asset should “rally from here,” framing the worst of the downturn as already behind investors. This assessment was grounded in his view that forced selling had largely worked its way through the market following months of deleveraging.

“If you make decisions with a 12-month or less time frame, you’re a trader… If you’re a trader, you know you’re a trader. I have zero advice for you,” Saylor stressed. “On the other hand, if you’re an entrepreneur or if you’re an investor, you should have a time frame of four years or longer, four to 10 years,” the Strategy exec added.

Saylor also revisited the rationale behind Strategy’s multiyear bitcoin accumulation. He explained that the company initially turned to bitcoin in 2020 as a defensive move against collapsing yields on cash, noting that the firm’s $500 million in treasury holdings had effectively been “reduced to zero” in real returns when rates were pushed down during the pandemic era.

His argument was that bitcoin’s long-term supply cap and global liquidity profile made it a superior alternative to traditional cash reserves. The conversation also explored the volatility that followed Strategy’s first major purchase. Saylor recalled that the firm bought bitcoin at roughly $11,800 and immediately saw the price drop to around $9,600, a move he referred to as “instructive,” emphasizing that bitcoin ownership requires long-term conviction rather than expectations of immediate returns.

Cardone asked Saylor what outcome would threaten Strategy’s position, prompting Saylor to note that the firm would not face material balance-sheet risk unless bitcoin were to fall more than 90% from current prices, a scenario he described as unrealistic. He reiterated that even deep drawdowns would not lead the company to liquidate its holdings.

Saylor argued that bitcoin’s structural characteristics differentiate it from traditional assets, presenting it as a technology-driven monetary network with long-term global demand. He emphasized that macro narratives tend to overwhelm fundamentals in the short term, but said such waves of sentiment do not affect his outlook for bitcoin as a scarce digital commodity.

For now, Saylor maintains that the cycle’s floor is already set and that bitcoin is preparing for its next move upward—an assessment that continues to guide Strategy’s long-standing accumulation strategy.

• Where does Michael Saylor think bitcoin is heading next?
  He says bitcoin has stabilized and should begin rallying from current levels.
• Why does Saylor believe the market bottom is already in?
  He argues that most forced selling and liquidation pressure has already cleared.
• What risk level did Saylor outline for Strategy’s bitcoin holdings?
  He stated the firm would remain secure unless bitcoin dropped more than 90%.
• Why did Strategy adopt bitcoin in the first place?
  Saylor says it became a strategic alternative after cash yields collapsed during 2020.

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