Strategy CEO Phong Le: Bitcoin's fundamentals in 2025 are "unprecedentedly strong," calling for a long-term perspective

Strategy CEO Phong Le stated that although Bitcoin’s price and market sentiment declined by the end of 2025, Bitcoin’s market fundamentals remain strong.
Phong Le remains optimistic about Bitcoin’s future, asserting that despite recent price drops and market panic, the market fundamentals in 2025 are “unprecedentedly good (couldn’t be better).” In a recent podcast interview, Phong Le viewed short-term volatility as unrelated to long-term investors. He emphasized the strong support from the US government and banking system, openly stating that he and Strategy Executive Chairman Michael Saylor have been meeting with traditional banks in the US and UAE, which are working hard to catch up, signaling institutional acceptance of cryptocurrencies. He believes this support forms the foundation of Bitcoin’s development trajectory and urges investors to prioritize sustained growth over daily fluctuations.
“Think about what’s happening with the world’s traditional powers. The US government, the US banking system—they are all embracing Bitcoin,” Phong Le optimistically pointed out, “This is extremely positive news for 2025 and 2026.”
According to CoinMarketCap data, Bitcoin reached a record high of $125,100 on October 5, but subsequently fell nearly 30%, with the trading price around $88,700 at the time of writing. Meanwhile, the cryptocurrency fear and greed index, which measures overall market sentiment, has been in “extreme fear” mode since December 12.
Phong Le admits that Bitcoin’s price “follows its own patterns” and is not always easy to interpret. “As investors, we need to consider the long-term value of such assets,” he emphasized, adding that short-term price movements are often unpredictable. Bitcoin holders should “use mathematical methods quite systematically,” “which is why we pay attention to things like mNAV, why we have Bitcoin reserves, and why we have dollar reserves.”
Bitcoin’s performance in 2025 has been volatile, soaring to historic highs before retreating amid broader market turbulence. Since mid-December, the cryptocurrency fear and greed index has lingered in the “extreme fear” zone, reflecting retail investors’ panic after a brutal sell-off that wiped over $1 trillion in market value since October.
However, Phong Le countered this pessimism, pointing to positive catalysts such as the US Securities and Exchange Commission (SEC) innovation and Vanguard’s shift in stance to allow Bitcoin ETF trading on its platform, which triggered $400 million in short covering during the recent rebound. Strategy itself is also strengthening its position, holding $1.4 billion in cash reserves, ready to capitalize on market dips.
Looking ahead to 2026, Phong Le’s bullish stance aligns with institutional narratives, despite differing predictions on Wall Street. Some forecasts suggest Bitcoin could reach a new high of $170,000 driven by favorable policies, while others warn of a “year of consolidation” or a drop to $60,000 due to tightening liquidity and regulatory hurdles.
Phong Le’s confidence stems from Bitcoin’s evolution into a mainstream asset supported by government strategic reserves and ETF capital inflows, making it a hedge against traditional financial uncertainties. For investors, his message is clear: in a market where fundamentals outweigh noise, patience may yield substantial returns as adoption accelerates.
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