Brandt: Bitcoin Could Test Saylor ‘Severely’

Prominent commodities trader Peter Brandt has he opined that Bitcoin (BTC) could end up testing Strategy co-founder Michael Saylor “severely”.

Brandt did not rule out that the price of the leading cryptocurrency could drop to $50,000. That said, he stressed that this is not a prediction.

MSTR’s ugly streak

Earlier this week, Saylor announced another Bitcoin purchase (the biggest since September). It pushed the company’s average purchase price to $74,079.

The company’s shares are down another 6% today, reaching levels not seen since November 2024. The stock is currently down 35% year-to-date, changing hands at $212.

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Venture capitalist Jason Calacanis recently predicted that Strategy could go under water, but the first investor Uber stressed that he would never touch the stock.

Unfazed by volatility

During a recent interview with Yahoo! Finance, however, Saylor made it clear that he is apparently not immune from volatility.

“If you’re an investor, it really comes down to what your time horizon is and how much volatility you can stomach. So if you want maximum return, you’re going to take maximum volatility,” said Saylor.

Saylor also opined that the fundamentals of the industry are so much better today than they were twelve months ago that potential investors have an “extraordinary risk-reward opportunity.” “Now is a much better time to invest,” Saylor stressed.