Strategy CEO: Bitcoin Will Rise an Average of 21% Per Year Over the Next 21 YearsIn an interview with What Bitcoin Did on November 28, 2025, Strategy CEO Phong Le discussed Bitcoin's potential performance over the next several years, referencing Michael Saylor's model of "21% annual appreciation for the next 21 years", which he believes is a reasonable long-term expectation. He noted that as long as Bitcoin's long-term returns exceed the S&P 500's 14–15% annualized performance—whether that means 30%, 20%, o ...

Core Insights - Ethereum's DeFi platform showcased its value during market turmoil, with the main Ethereum chain remaining operational while some Layer-2 chains experienced issues [1][4] - The decentralized exchanges (DEXs) within Ethereum's ecosystem absorbed significant trading volume, reaching a record of nearly $177 billion, demonstrating effective risk transfer [2][10] - Bitcoin exhibited relative strength during the market crash, stabilizing quickly, which reinforced its position as a durable asset despite not reaching previous highs [3][10] Market Dynamics - On October 10, a new tariff announcement triggered a rapid decline in cryptocurrency prices, with Bitcoin dropping approximately 12%, Ethereum and Solana falling between 15% to 30%, and many altcoins experiencing declines over 70% [4][5] - The event marked the largest notional crypto deleveraging, with over $19 billion in leveraged positions liquidated within 24 hours [4][5] Performance Analysis - Solana demonstrated superior performance during the crash, maintaining high transaction throughput and remaining operational under extreme load, which highlighted its usability [7][10] - The resilience of Bitcoin, Ethereum, and Solana during the crisis suggests their long-term viability and potential for future investment [8][12] Investment Thesis - Bitcoin's value proposition as a store-of-value was validated during the crash, while Ethereum's DeFi markets proved capable of self-correction under stress [10][11] - Solana's ability to handle high transaction volumes during peak stress periods supports its growth narrative [10][11] Strategic Recommendations - Investors are encouraged to accumulate Bitcoin as a foundational asset, Ethereum for its market infrastructure, and Solana for its high-performance growth potential [11][12] - The ongoing macroeconomic uncertainties suggest that assets demonstrating resilience under stress will continue to attract investment flows [12]