Michael Saylor: Bitcoin Will Become «Boring» for Retail Investors
According to Michael Saylor, Executive Chairman of Strategy, Bitcoin’s increasing appeal to institutional investors could lead to a decline in interest from retail investors. He shared this idea in the Coin Stories podcast, published on YouTube.
«You want volatility to go down so that large organizations feel comfortable entering the space. The problem is that if large players enter the game and volatility goes down, it’s going to be boring for a while, and because it’s boring for a while, people’s adrenaline levels will go down,» said Saylor.
He believes this is a growth phase and a natural part of BTC’s development. The asset’s life cycle and volatility at the exit are a good sign, Saylor believes.
His comments come as some market participants question why Bitcoin’s price hasn’t risen since hitting a new high of $124,100 on August 14.
Many experts have suggested that the Federal Reserve’s September 17 interest rate cut has already been priced in. However, some believe that further rate cuts this year could lead to a surge in Bitcoin and other cryptocurrencies.
At the time of writing, the flagship crypto asset was trading at $115,775, down 0,64% from the previous day.
