Global geopolitical chaos, a springboard for Bitcoin - Michael Saylor

Michael Saylor, president of MicroStrategy, believes that the current geopolitical chaos is beneficial for Bitcoin, despite the heavy losses suffered by his company. A perspective that is not unanimous on social networks.

A collapse of BTC against a backdrop of Iran-Israel tensions

The price of Bitcoin plunged by more than 10% in 24 hours this Saturday, going from $68,000 to $60,000. Analysts attribute this sharp drop to rising tensions between Iran and Israel. The consequences are severe for investors, with more than $1.2 billion in long positions liquidated, a 15-year record according to WhaleWire.

It is in this context that Michael Saylor sharing on X (ex-Twitter) his view that “chaos is good for Bitcoin”. An exit which comes even though MicroStrategy, which holds 214,245 BTC, suffered more than 1.5 billion losses in 24 hours. Saylor's company nevertheless retains a substantial profit of $6.26 billion on its bitcoin holdings.

Bitcoin, a hedge against chaos?

Michael Saylor's opinion draws mixed reactions within the crypto community. While some consider his comments inappropriate given current international tensions, others share his vision of Bitcoin as a “hedge against chaos”.

Despite the sudden drop in price, MicroStrategy's investment strategy in Bitcoin remains profitable so far. With an average purchase price of $35,372 per BTC, the company records unrealized capital gains of more than $6.26 billion on its portfolio. Only its two most recent acquisitions, made above $67,000, are currently in the red.

Michael Saylor's position raises a fundamental question: can Bitcoin really serve as a safe haven in times of crisis? The coming weeks, which promise to be turbulent both on the crypto markets with the approach of Halving Bitcoin and on the geopolitical scene with tensions in the Middle East, will perhaps provide some answers. One thing is certain, the debate is far from over and opinions will continue to clash as events unfold.

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