The dual attributes of Bitcoin: the combination of technological innovation and macro asset.

2025-12-23 15:20:09

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[Coin World] An interesting perspective has emerged—Phong Le, the head of MicroStrategy, recently shared his views on Bitcoin. He believes that Bitcoin is quite special, possessing both the attributes of technological innovation and the characteristics of a macro asset.

Regarding price, he made a very practical distinction: short-term fluctuations are mainly driven by market factors such as liquidity, but the recognition of long-term value takes time to ferment. Don't rush, whether this thing is worth it, the market will naturally provide the answer.

Interestingly, his expectations for 2026 are quite optimistic. Phong Le has several reasons for this—Federal Reserve policies may become more accommodative, risk appetite may rise, and institutional investors continue to increase their allocations. These factors combined could create a rather favorable environment for Bitcoin.

BTC-0.23%

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