Bitcoin experienced a significant price drop of nearly 5% over the weekend, sparking concerns among some investors. This volatility occurred during a weekend filled with macroeconomic news and surging market uncertainty, with the VIX index—a measure of market fear—surpassing 20 for the first time since last November. The dynamics of this macroeconomic environment not only led to sharp fluctuations in the stock market but also affected other asset classes such as Bitcoin, gold, and commodities.
As of Tuesday morning Eastern Time, Bitcoin’s price has fallen approximately 4.8% since last Friday, once again briefly dipping below the $90,000 mark. This pullback contrasts with the optimistic expectations from about a week ago that Bitcoin would return to six-figure price levels, disappointing many investors.
Analysis indicates that Bitcoin’s price movement this weekend aligned with selling pressure in the U.S. stock and bond markets, suggesting a brewing “Sell America” trading sentiment. This is related to renewed tensions sparked by U.S. President Trump’s mention of acquiring Greenland, which heightened concerns that the U.S. might impose tariffs on European allies, potentially driving up domestic inflation and causing international capital to flow out of U.S. stocks and bonds.
Amid this decline, figures like Michael Saylor viewed it as a buying opportunity. Reports indicate that MicroStrategy (MSTR), led by Saylor, increased its Bitcoin holdings by over $2 billion in the past week—the company’s largest transaction in seven months—potentially signaling follow-on buying by other bulls.
Bitcoin’s price had reached a historic high of over $126,000 in early October 2025 but has since retreated to around $90,000, a correction of nearly 30%. This decline partly stems from profit-taking by investors, which triggered leveraged liquidations, while macroeconomic headwinds such as geopolitical tensions and tariff threats intensified selling pressure.
Despite this, MicroStrategy founder Michael Saylor remains long-term bullish, even predicting that Bitcoin’s price could surge over 1000% this year, reaching $1 million. This bold forecast is based on Bitcoin’s inherent characteristics: it operates on a proof-of-work mechanism, has a capped supply of 21 million coins (with nearly 20 million already mined), and undergoes “halving” approximately every four years, progressively reducing new supply until mining concludes around 2140. This engineered scarcity leads supporters to view it as a store of value similar to gold, useful for hedging against inflation and fiat currency devaluation.
Additionally, the U.S. Securities and Exchange Commission’s approval of the first spot Bitcoin ETFs in early 2024 has significantly facilitated participation by traditional investors. Bitcoin’s current market capitalization of approximately $1.8 trillion remains far smaller compared to gold’s market cap exceeding $33 trillion.
Saylor and others argue that even a tenfold increase in Bitcoin’s price would leave its total value far below that of gold. They anticipate that the surge in global government debt leading to money supply expansion will dilute the value of fiat currencies, driving more capital toward assets like gold and Bitcoin. Meanwhile, recent political developments in the U.S. surrounding the Federal Reserve, including attempts to replace board members and investigations into the Chair, are interpreted as aiming to push for more aggressive interest rate cuts. More substantial rate cuts could stimulate the economy while potentially weakening the U.S. dollar and reigniting inflation, thereby potentially enhancing Bitcoin’s appeal.
Over the past 12 months, gold and silver prices have risen significantly on expectations of a weaker dollar, while Bitcoin’s price has fallen over 10% during the same period, performing similarly to many speculative assets. Optimists believe that as the aforementioned positive factors materialize, Bitcoin’s price could catch up to or even surpass the gains seen in precious metals by the end of 2026.
