The co -founder of Strategy Michael Saylor suggested that the fluctuations in the Bitcoin course are mainly associated with its high liquidity and round -the -clock accessibility, and not with correlation with other assets.

Michael Saylor answered the question of the founder of Barstool Sports Dave Portnoy, who asked subscribers: why is Bitcoin, created as independent of the US dollar and free from cryptocurrency regulation, mainly bargained like the US stock market? The tailor noted that with the growth of the traditional market, bitcoin is growing, and when the stock market falls, Bitcoin follows it.

“Bitcoin is traded as a risky asset in the short term, because it is the most liquid and sold asset on Earth, available 24 hours a day. During the time of panic, traders sell what they can, and not what they want. This does not mean that Bitcoin will correlate with the market in the long run – it is just always available, ”Saylor wrote on the social network Kh.

Yesterday, April 3, Bitcoin reached $ 87,800 before falling below $ 81,500 due to the announcement of US President Donald Trump to increase trade duties for more than 180 countries. Now bitcoin is trading at $ 83,000- $ 84,000, per day its trade volume has decreased by 34%. Bitcoin market capitalization is $ 1.66 trillion.

A few days ago, Strategy bought 22,048 bitcoins for $ 1.93 billion at an average price of $ 86,969 per coin. Saylor is sure that thanks to a limited offer of bitcoin of 21 million coins, after 20 years his rate will reach $ 13 million.