MicroStrategy founder argues Bitcoin’s scarcity and 24/7 trading justify price swings, positioning digital credit as a stabilizing layer.
Michael Saylor stated Bitcoin’s volatility is a natural characteristic of its scarce, global, and continuously traded nature, not a flaw. He positioned instruments like MicroStrategy’s STRC perpetual preferred stock as a form of “digital credit” designed to mitigate price swings by layering above Bitcoin in the capital structure.
STRC, trading near its $100 par value, closed at $95.20 on Monday, down 1.45%. The company recently added 1,587 BTC for $100M, bringing its total holdings to 846.8K. Saylor emphasized that digital credit instruments carry varying risk levels depending on market conditions.
The remarks underscore Saylor’s view of Bitcoin as “digital capital” and MicroStrategy’s role in issuing credit-based assets around it. No immediate market reaction was specified in the source.