According to Strategy executive chairman Michael Saylor, Bitcoin’s increasing allure to institutional investors may diminish the excitement that attracts retail investors.
“You want the volatility to lessen so that major institutions feel secure entering the market and investing at scale,” Saylor stated during his conversation with Natalie Brunell on the Coin Stories podcast released on YouTube this past Friday.
Michael Saylor describes it as a “conundrum”
“The conundrum is, if the major institutions are going to join in, and if volatility lessens, it may become dull for a while. Consequently, people’s adrenaline rush might fade,” Saylor clarified.
“It’s akin to experiencing a major high; now the adrenaline is subsiding, making them slightly bearish.”
Saylor mentioned that this is the “growing stage” and a normal phase in Bitcoin’s (BTC) evolution, adding that the asset’s decreasing volatility is actually a positive indication.
His remarks arrive as various market participants are puzzled by Bitcoin’s price stagnation following its new peak of $124,100 on August 14. At the time of writing, Bitcoin is trading at $115,760, closely aligned with its $114,618 value nearly a month earlier on August 21, according to CoinMarketCap.
There was widespread speculation that the US Federal Reserve’s interest rate cut on September 17 was largely anticipated, yet some analysts believe that additional cuts later this year could elevate Bitcoin and other crypto assets.
Bitcoin enthusiasts are split on future price direction
Nonetheless, Bitcoin enthusiasts are divided on the trajectory of the asset’s price for the remainder of the year.
BitMEX co-founder Arthur Hayes predicts a price of $250,000 by year’s end, while several others estimate around $150,000, and Bitcoin analyst PlanC does not foresee a peak this year.
Additionally, crypto analyst Benjamin Cowen recently remarked that Bitcoin might face a “70% drawdown from whatever the all-time high concludes.”
Related: Bitcoin price $150K target comes as analyst sees weeks to all-time highs
Saylor indicated that Bitcoin innovation and new products are still in their infancy, noting that the market is still in the process of “getting educated.”
“This is the digital gold rush from 2025 to 2035,” he said, indicating that many diverse business models and products will emerge.
“Numerous mistakes will be made, and many fortunes will be created,” he added.
At the time of publication, publicly-listed treasury companies hold about $117.91 billion in Bitcoin, according to BitcoinTreasuries.NET.
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