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#MichaelSaylor
Bitcoin has lost half its value since October, sliding from record highs to trade well below the $100,000 mark investors once treated as a floor. For Strategy founder Michael Saylor, the crypto industry’s loudest permabull, this is just Tuesday.
“We’ve lived through more brutal drawdowns,” Saylor said, pointing to a 75% collapse in 2021-2022 that dwarfs the current slide. Since his firm started buying Bitcoin in August 2020, he counts five major drawdowns in five years. This one, he argues, barely registers by comparison ..