Bitcoin Market Fundamentals ‘couldn't Be Better,’ Says Strategy CEO

Bitcoiners wanting to focus on short-term factors should be “fairly methodical and mathematical,” says Strategy CEO Phong Le.

Bitcoin’s market fundamentals have stayed strong in 2025, despite the asset’s price and sentiment declining toward the end of the year, says Strategy CEO Phong Le.

“The fundamentals of the market this year for Bitcoin couldn’t be better,” Le told the “Coin Stories” podcast on Tuesday, emphasizing that he doesn’t care too much about its short-term performance.

Bitcoin (BTC) reached an all-time high of $125,100 on Oct. 5, but has since declined nearly 30%, trading at $87,687 at the time of publication, according to CoinMarketCap. AMeanwhile, the Crypto Fear & Greed Index, which measures overall market sentiment, has shown “Extreme Fear” since Dec. 12.

Le acknowledged that Bitcoin’s price “does what it does” and isn’t always easy to explain.

“When you’re an investor, you think about the long term of the asset class,” he said.

Le stressed that short-term price action is often unpredictable and Bitcoiners should be “fairly methodical and mathematical about it.”

“Which is why we focus on things like mNAV, why we built out the Bitcoin treasury and why we built out the US dollar treasury,” he said.

Alongside Bitcoin’s price decline, Strategy’s (MSTR) mNAV, the company’s market value compared to the value of its Bitcoin holdings, has fallen below 1, trading at 0.93, according to Saylor Tracker. The company holds 671,268 Bitcoin worth around $58.63 billion.

Looking at the long-term fundamentals, he pointed to the US government being “fully supportive of Bitcoin like it’s never been before.”

Source: CoinTelegraph