Bitcoin's Stability Seen as Strength Amid Market Consolidation

According to PANews, Strategy Executive Chairman Michael Saylor discussed the recent performance of Bitcoin in a podcast interview, highlighting its stable price movement as a sign of strength rather than weakness. Saylor noted that the market is currently in a consolidation phase, with long-term holders selling portions of their holdings while institutional investors prepare for larger allocations. He emphasized that the decreasing volatility is a positive indicator. Looking ahead, Saylor compared the rise of Bitcoin treasury companies to the early days of the petrochemical industry, which experienced a decade of chaos and transformation, leading to the emergence of various products, business models, and wealth. He predicted that over the next twenty years, Bitcoin could appreciate at an average annual rate of nearly 29%, potentially driving the development of new credit and equity instruments.