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Key Highlights
- Strategy’s Michael Saylor stated that if the world order is really failing, people should own the asset with no counterparty, like Bitcoin
- After U.S. President Trump declared a tariff war against the world, many countries are now finding alternative markets
- His statement came during a downward trend in the crypto market, where Bitcoin lost over 50% value from its all-time high
On February 16, the largest corporate Bitcoin holder, Strategy’s CEO, Michael Saylor, shared his view on the current geopolitical situation. In a public post, he stated that if the current world order is collapsing, people should “own the asset with no counterparty,” such as Bitcoin.
Michael Saylor’s statement came during the intense crash in the Bitcoin value following the tariff war and other geopolitical factors.
Michael Saylor Stays Bullish About BTC Amid Turmoil
Bitcoin has lost around 50% of its value from its all-time high at $125,000. This crash came after a major liquidation following Trump’s tariff announcement. Apart from this, institutional investment in crypto is also slowing down, which shows institutional investors’ skepticism in the current market situation. At the time of writing, BTC is trading at around $67,361, according to CoinMarketCap.
However, the strategy has not backed off from its buying streak of BTC. On February 9, Strategy announced the acquisition of 1,142 BTC for approximately $90.0 million at around $78,815 per bitcoin.
In the tweet, the company mentioned that “Even as $BTC fell 24% in the last month, $STRC returned to near $100 and paid an 11% annualized dividend in cash.”
Trump’s Tariff War Sparks Debate over World Order
After U.S. President Donald Trump commenced his second tenure last year, he waged a tariff war against many countries, including U.S. allies like Europe, to cover the trade deficit. While many countries managed to achieve success in trade deals with the U.S., this decision has given scars to the world order, and now many countries are working on reducing dependency on the U.S. by finding alternative markets.
Recently, the EU has signed a free trade agreement with India, which is the world’s fastest-growing economy.
European Commission President, Ursula von der Leyen, stated in the official statement: “We have created a free trade zone of 2 billion people, with both sides set to gain economically. We have sent a signal to the world that rules-based cooperation still delivers great outcomes. And, best of all, this is only the start – we will build on this success and grow our relationship to be even stronger.”
While the U.S. dollar is still holding its dominance in the global economy, many experts believe that the world order is gradually collapsing.
Recently, German Chancellor Friedrich Merz affirmed that, “The world order as it has stood for decades no longer exists.” He mentioned that we are in a period of “great power politics.”
