Bitcoin

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Bitcoin becoming more appealing to institutional investors may come at the cost of the thrill that attracts some retail investors, according to Strategy executive chairman Michael Saylor.
“You want the volatility to decrease so the mega institutions feel comfortable entering the space and size,” Saylor <a href="https://www.youtube.com/watch?v=CbODA93ByS0" rel="noopener noreferrer nofollow" target="_blank">told</a> Natalie Brunell on the Coin Stories podcast published to YouTube on Friday.
<h2 id="michael-saylor-says-it-is-a-conundrum">Michael Saylor says it is a “conundrum”</h2>
“The conundrum is, well, if the mega institutions are going to enter, if the volatility decreases, it is going to be boring for a while, and because it’s boring for a while, people’s adrenaline rush is going to drop,” Saylor explained.
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 “It’s like they had this big high and now the adrenaline is wearing off and they’re a little bearish.”
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Saylor said this is the “growing stage” and a natural part of Bitcoin’s (<a href="/bitcoin-price" rel="noopener noreferrer">BTC</a>) life cycle, and the volatility “coming out” of the asset is a good sign.
His comments come as some market participants question why Bitcoin’s price has stalled after hitting a new high of $124,100 on Aug. 14. At the time of publication, Bitcoin is trading at $115,760, close to its $114,618 price level nearly a month earlier on Aug. 21, <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow" target="_blank">according</a> to CoinMarketCap.
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 <img alt="Bitcoin may go ‘boring’ as institutional interest ramps up: Michael Saylor" src="https://s3.cointelegraph.com/uploads/2025-09/019965b8-134e-75f3-b21c-9804e532ad3f" title="">
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 Bitcoin is up 81.25% over the past 12 months. Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow" target="_blank">CoinMarketCap</a>
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It was widely speculated that the US Federal Reserve’s Sept. 17 interest rate cut was mostly priced in, but some analysts have opined that further cuts later this year could push Bitcoin and other crypto assets higher.
<h2 id="bitcoiners-are-divided-on-where-the-price-will-go">Bitcoiners are divided on where the price will go</h2>
However, Bitcoiners are divided on where the asset’s price is headed for the rest of the year.
<a href="https://cointelegraph.com/news/bitcoin-price-250k-fed-qe-arthur-hayes" rel="noopener noreferrer nofollow" target="_self">BitMEX co-founder Arthur Hayes</a> sees $250,000 by year-end, several others are calling for around $150,000, while Bitcoin analyst PlanC doesn’t expect the peak to come this year at all.
Meanwhile, crypto analyst Benjamin <a href="https://cointelegraph.com/news/bitcoin-price-drawdown-bear-market-buying-dip-benjamin-cowen" rel="noopener noreferrer nofollow">Cowen recently said that Bitcoin</a> may experience a “70% drawdown from whatever the all-time high ends up.”
Related: <a href="https://cointelegraph.com/news/bitcoin-price-150k-target-analyst-sees-weeks-to-all-time-highs" rel="noopener noreferrer nofollow">Bitcoin price $150K target comes as analyst sees weeks to all-time highs</a>
Saylor said that Bitcoin innovation and new products are still in the early stages, as the market is still “getting educated.”
“This is the digital gold rush in the 10 years from 2025 to 2035,” he said, explaining there’s going to be many different business models and products created.
“There’ll be a lot of mistakes made and there’ll be a lot of fortunes created,” he added.
Publicly-listed Bitcoin treasury companies hold approximately $117.91 billion in Bitcoin at the time of publication, <a href="https://bitcointreasuries.net/" rel="noopener noreferrer nofollow" target="_blank">according</a> to <a rel="noopener noreferrer nofollow" target="_blank">BitcoinTreasuries.NET</a>.
Magazine: <a href="https://cointelegraph.com/magazine/7-reasons-bitcoin-mining-terrible-business-idea-bit-digital/" rel="noopener noreferrer nofollow">7 reasons why Bitcoin mining is a terrible business idea</a>

Bitcoin may go ‘boring’ as institutional interest ramps up: Michael Saylor

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