The post Saylor: Bitcoin’s Utility Drives Its Price Swings — What’s Next for BTC? appeared on BitcoinEthereumNews.com.

Michael Saylor emphasized that Bitcoin’s constant availability causes short-term volatility, but its long-term utility remains unshaken. In light of rising tariffs and economic instability, Bitcoin’s borderless and untaxed nature offers a unique financial refuge. Despite the market volatility and the instability of the economy, Michael Saylor has again voiced his opinion regarding the inherent value of Bitcoin (BTC). According to Saylor, BTC price fluctuations are not a drawback at all. He firmly believes that the digital currency’s utility is the one and only factor that leads to the fluctuations. “Doesn’t mean it’s correlated long-term—just means it’s always available,” Saylor said in response to questions over its stock-like behavior. Bitcoin trades all day, every day. Unlike traditional assets, it never sleeps. That availability opens it up to sharper market reactions, especially in times of panic. But Saylor believes these moment-to-moment fluctuations don’t undercut its deeper value. Long-term, the dips don’t dent the core. Dave Portnoy, known for his love of meme coins and market antics, had questioned why Bitcoin often moves in sync with the US stock market. He argued that for a supposedly independent asset, Bitcoin sure does mimic Wall Street’s mood swings. That observation sparked Saylor’s latest defense of Bitcoin’s character. Tariffs, Trump, and a Digital Refuge Saylor’s recent remarks came just after he compared Bitcoin favorably to physical commodities like gold. He pointed out that Bitcoin has a serious advantage—it’s untouched by tariffs. As Donald Trump’s new wave of tariffs on imported goods shakes up markets, Bitcoin, immune from such rules, stands apart. These tariffs, introduced as a tit-for-tat against foreign policies, have stirred fresh economic uncertainty. They’ve added pressure on commodities already under strain. In this context, Bitcoin’s lack of physical form and borderless nature offer a unique shelter, a feature Saylor is keen to highlight. According…

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Filed under: News - @ April 4, 2025 10:29 pm