Saylor Claims Bitcoin’s Liquidity Makes It a High-Stakes Short-Term Risk Indicator!

Michael Saylor, Strategy (previously MicroStrategy) co-founder, has explained why Bitcoin generally mimics the moves of the mainstream markets, especially when extremely volatile. Recently, in a social media exchange on platform X (previously Twitter), Saylor was responding to questions posed by Dave Portnoy, the founder of Barstool Sports, who asked why Bitcoin “trades exactly like the US stock market,” even though it’s sold as a stand-alone, uncorrelated digital asset.

Saylor described Bitcoin’s short-term price behavior as more a function of its unprecedented liquidity and 24/7 availability than fundamental correlation. “Bitcoin acts like a risk asset in the short term because it’s the most liquid, sellable, 24/7 thing on earth,” Saylor said. “When panic occurs, traders sell what they can, not what they’d prefer.” That is, Bitcoin is sold during market sell-offs merely because it’s the most liquid thing to sell.

Bitcoin’s Price Swings Amid Market News

The crypto price remains on high alert regarding political and macroeconomic news headlines. It had spiked to $87,800 on April 3 but immediately dropped to $81,500 seconds after news that President Donald Trump announced tariffs. The price of Bitcoin now stands at $82,700, down by 5% over the last 24 hours, according to TradingView.

Saylor has noted this volatility but sees it as a strength, not a weakness. He considers the functionality, usability, and global demand of Bitcoin to be inherently short-term volatile but to be the very basis of its long-term value proposition.

Strategy’s Bitcoin Holdings Continue to Yield Billions

Despite market volatility, Strategy’s huge Bitcoin positions remain extremely profitable. The company now holds 528,185 BTC, with over $8 billion in unrealized profit. That was nearly double at one time. Saylor isn’t going to sell holdings; instead, the company is aiming to raise $42 billion over the next two to three years to purchase more Bitcoin and become a Bitcoin-focused financial company.

That strategic direction under Saylor has been closely followed by investors and other firms seeking to make similar incursions into digital assets.

GameStop Follows Saylor’s Lead

GameStop, the iconic video game store and meme stock darling, appears to be copying Saylor’s Bitcoin playbook. Before its Q4 results, there were rumors that GameStop might invest in Bitcoin as its treasury reserve asset. These were later confirmed when the company’s board of directors approved a new investment policy to allow it to hold Bitcoin.

Also solidifying its new path, GameStop sold $1.5 billion of convertible notes in recent times and used some of the proceeds to purchase Bitcoin.

GameStop CEO Ryan Cohen was publicly urged earlier this week by Michael Saylor to acquire Bitcoin, “on sale.” Soon after, Cohen bought 500,000 shares of GameStop stock for $21.55 a share, raising his holding to approximately 8.4%, according to an SEC filing.

Conclusion

Michael Saylor is still a believer in Bitcoin as both a financial revolution and a technology revolution. Although its price behaves like a risk asset in the short term due to its high liquidity, he insists that its long-term fundamentals are unshaken. His strategy is now influencing heavyweights like GameStop, potentially opening the door to more corporate adoption of Bitcoin.