$BTC Fundamentals Remain Strong Despite Price Decline, Says Phong Le
#Strategy CEO Phong Le says #Bitcoin market fundamentals have never been stronger, even as prices have declined nearly 30% from October highs. The executive emphasized long-term factors over short-term volatility during a Tuesday Coin Stories podcast appearance.
$BTC reached an all-time high of $126,080 on Oct. 6 before falling to current levels around $88,687. The Crypto Fear & Greed Index is showing Fear, reflecting deteriorating market sentiment.
Le acknowledged that
$BTC price action often defies easy explanation, noting the asset "does what it does" in the short term. Investors should focus on long-term fundamentals rather than attempting to predict near-term movements, he said.
The Strategy chief stressed that short-term analysis requires methodical, mathematical approaches. He pointed to the company's focus on metrics like mNAV, its #Bitcoin treasury, and U.S. dollar treasury as examples of disciplined frameworks.
