Strategy can survive 80-90% Bitcoin loss despite declining volatility, says Michael Saylor
Bitcoin's volatility has been reducing consistently, and the company is structured to withstand market fluctuations, he told Fox Business on Nov. 18. He remarked, “The company is engineered to take an 80% to 90% drawdown and keep ticking.” “I think we’re pretty undestructible.”
Saylor started buying Bitcoin in 2020 when annual volatility was approaching 80%. The rate has reduced to 50%. He expects it to drop five points every few years.
He thinks Bitcoin will settle near 1.5 times the S&P 500's volatility and outperform it. He added “Bitcoin is stronger than ever” despite the price drop.
WhiteBIT signs Prince Naif Bin Abdullah Bin Saud holding agreement
WhiteBIT, the European cryptocurrency exchange, has partnered with Durrah AlFodah Holding, represented by His Royal Highness Prince Naif Bin Abdullah Bin Saud Bin Abdulaziz Al Saud, to advance blockchain technology, digital finance, and data infrastructure in the Kingdom.
Seaside Arabia, the strategic consultant and subject matter expert, enabled this agreement. This partnership supports Kingdom of Saudi Arabia Vision 2030's strategic pillars of economic diversification, technical innovation, and digital transformation in the public and commercial sectors.
Stock Market Tokenization, Central Bank Digital Currency (CBDC) Framework Development, and National Data Computing and Mining Centers are among the Kingdom's major projects enabled by the cooperation.
Bitcoin dropped roughly 11% to $91,700 last week. The move didn't bother Saylor. He said volatility is common in market cycles and eliminates short-term traders. He added, “Volatility is a gift to the faithful,” and patient holders benefit when the market cleans out excess leverage.
Leveraged trader bets $27 million against XRP
Lookonchain revealed that the trader has 40x and 10x leveraged short positions on Bitcoin and Zcoin (ZEC). The actions come as XRP falls despite Canary Capital's XRP ETF debut.
Current market conditions could push XRP below a psychological support level, according to crypto analyst Ali Martinez. In recent sessions, the cryptocurrency has sold off amid concerns about market weakness.
Santiment's statistics show that "whales" with one million to ten million XRP tokens traded 200 million coins in 48 hours.
Glassnode, an on-chain analytics tool, claimed that XRP profit share dropped to 58.5 percent, the lowest since November 2024. Although prices are higher, the business reported that 41.5 percent of XRP's supply, or 26.5 billion tokens, trades at a loss.
Critical Bitcoin $90k test
Bitcoin is again approaching a big macrostructure event as price retests the $90,000 support level, which set the previous major bottom in the trading channel. This area has historical significance since it technically aligns with numerous indicators, including the value area low and the high-time-frame channel's lower border.
Coinbase Building Kalshi-Backed Prediction Market, Leaked Screenshots Show
Wong, known for revealing unpublished features on major tech platforms, tweeted photos of Coinbase-branded prediction market pages, FAQs, and onboarding guides to X.
One screenshot claims that Coinbase Financial Markets, the exchange's derivatives arm, offers the product “through Kalshi,” implying that Kalshi's regulatory framework will apply.
Coinbase has expressed interest in prediction markets. The company told CNBC in July that it plans to add prediction capabilities to become a “everything exchange.”
On November 13, Coinbase and Kalshi announced a partnership to let Coinbase hold Kalshi's USDC-based event contracts.
Federal Authorities Arrest Crypto ATM CEO in $10 Million Money Laundering Operation
Federal prosecutors have charged the founder of a Chicago cryptocurrency ATM company with multi-year money-laundering that laundered at least $10 million in fraud and drug revenues through crypto kiosks statewide.
Indicted on one count of money-laundering conspiracy, Firas Isa, 36, founder and CEO of Virtual Assets LLC, formerly Crypto Dispensers, faces a possible 20-year federal prison sentence.
Isa and the company deny culpability. U.S. District Judge Elaine E. Bucklo in Chicago will hold a status hearing on January 30, 2026.
