Emre Yumlu 
As Bitcoin continues to attract growing institutional interest, the nature of the market is shifting. MicroStrategy’s executive chairman, Michael Saylor, believes that reduced volatility is a positive signal for “mega institutions,” yet it could leave retail traders—who thrive on dramatic price swings—less excited.
Lower Volatility: A Double-Edged Sword
Speaking on the Coin Stories podcast with Natalie Brunell, Saylor explained that Bitcoin’s reduced price fluctuations provide reassurance for large funds and corporate investors. However, this calmer market dynamic may disappoint individual traders seeking an adrenaline-fueled ride.
“It’s a conundrum,” Saylor said. “If mega institutions step in, volatility comes down. But once volatility decreases, the market feels boring for a while. People lose some of that excitement, and short-term bearishness may follow.”
Despite this, he emphasized that lower volatility is a natural stage in Bitcoin’s maturation process and a sign of long-term strength.
Price Consolidation After Recent Highs
On August 14, Bitcoin surged to a fresh all-time high of $124,100. Since then, however, the asset has entered a consolidation phase. According to CoinMarketCap, Bitcoin hovered around $114,618 on August 21 and has remained within that range. At the time of writing, BTC was trading near $115,760.
Many analysts argue that the U.S. Federal Reserve’s September 17 interest rate cut had already been priced in. Still, some believe that additional cuts later in the year could inject new momentum into Bitcoin and broader crypto markets.
Diverging Views on Year-End Targets
The outlook for Bitcoin’s price remains hotly debated among market participants:
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Arthur Hayes (BitMEX co-founder): Forecasts $250,000 by the end of 2024.
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Other analysts: Expect levels closer to $150,000.
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PlanC (Bitcoin analyst): Believes the next peak won’t arrive this year.
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Benjamin Cowen (crypto analyst): Warns of a potential 70% drawdown from the eventual all-time high.
The Next Decade: A Digital Gold Rush
Looking ahead, Saylor described 2025–2035 as Bitcoin’s “digital gold rush.” He predicts the rise of new business models and financial products, alongside both successes and failures:
“Over the next ten years, we’ll see countless innovations. Mistakes will be made, fortunes will be created—that’s all part of the growth process.”
Currently, publicly traded companies collectively hold approximately $117.91 billion worth of Bitcoin in their treasuries, underscoring the growing role of institutional players.
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