Institutional Buying Tames Bitcoin's Wild Fluctuations

Veteran investor Larry Lepard described Bitcoin as 'a wild animal', saying that steep drawdowns are part of its nature. However, he noted that those drawdowns have been getting less severe over time.

Lepard said that in the past, Bitcoin's price would fall by 90%, but now it only falls by about 55%. He acknowledged that this unpredictability can be unsettling, comparing it to a wild animal that you just have to live with.

Lepard expressed his bullishness on both Bitcoin and Strategy (MSTR), advising Executive Chairman Michael Saylor to hold onto his Bitcoin instead of selling. He believes that the price of Bitcoin will ultimately solve the company's problems, making the sale unnecessary.