Saylor Shouted 'Bitcoin Summer,' But Reality Warns of a $50,000 Collapse

▲ Bitcoin (BTC) Decline/AI Generated Image

Michael Saylor shouted “Bitcoin (BTC) Summer,” but seasonal statistics and geopolitical risks are predicting a tougher summer for Strategy's large Bitcoin bet.

According to crypto media outlet Benzinga on May 26 (local time), Strategy Chairman Michael Saylor stated on X (formerly Twitter) that he “is looking forward to Bitcoin Summer.” However, Benzinga pointed out a gap between Saylor's optimism and actual seasonal trends, as Bitcoin typically tends to be weak from May to September.

According to market analysis firm Seasonax, Bitcoin only rose by an average of 15.01% annually from May to September. In contrast, the annualized return from September to May was recorded at 138%. August, in particular, was the most unfavorable period for Bitcoin, with a median loss rate of 7.49% for that month.

Crypto analyst Kevin also raised the possibility of a bearish summer. He previously pointed out Bitcoin's failure to break the $125,000 resistance, suggesting that Bitcoin could fall below $50,000 before the next upward trend.

Immediately after Saylor's remarks, geopolitical burdens were added to the market. Tensions escalated again as the U.S. attacked southern Iran, and Benzinga reported that the airstrike triggered Bitcoin's Monday night decline. With macroeconomic uncertainty and geopolitical risks increasing simultaneously, it's difficult for Saylor's "Bitcoin Summer" slogan to immediately translate into market momentum.

Nevertheless, Strategy maintains its Bitcoin buying stance. The company's Bitcoin holdings have expanded to 843,738 BTC, with a holding value exceeding $64 billion. In contrast, Strategy's market capitalization was recorded at $56.22 billion, indicating that its shares are trading at a discount to their net asset value, Benzinga explained. Strategy's stock closed at $159.89 on Friday, but has risen by more than 5% since the beginning of the year.

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