The Bitcoin price correction (BTC) isn’t just affecting individual hurdlers – the biggest players are suffering in more ways than one.

The market data of 5. In the month of March, MicroStrategy’s share price, which has over 91,000 BTCs, fell by more than half in just three weeks.

MicroStrategy continues to buy BTC

On the day the company confirmed it had added an additional 210 BTC to its reserves, MicroStrategy shares hit a local low of $628. At its peak in February, MGTR was trading at just over $1,300.

Volatility is a commentary on the ups and downs of Bitcoin’s recent rise, which has seen wild swings in both directions.

Graph MSTR (red) vs BTC/USD (blue). Source : View on trade

However, since the company started adding bitcoin to its balance sheet last August, the overall impact on the SSTR has not changed. Before the move, it was worth just over $100.

They now have 91,064 Bitcoins on their balance sheet, said Anthony Pompliano, co-founder of Morgan Creek Digital, about this latest acquisition.

This is perhaps one of the greatest persuasion performances in the history of the public market.

Hayes: Bond revival may drive investors out of Bitcoin

This belief could serve the company well in the short term, as Bitcoin’s upward cycle is being tested by macroeconomic headwinds.

For Arthur Hayes, former CEO of derivatives giant BitMEX, central bank policies could, in extreme cases, lead to a complete exit of capital from cryptocurrency.

The reason, he explains in a new blog post this week, is that the Federal Reserve may decide to raise interest rates, which would hurt investors around the world, and may go through periods of historically low interest rates, creating an influx of volatility.

I don’t have a model to estimate the relationship between the two, but at a high level, if global liquidity can find a real return in government bonds, there will still be Bitcoin/Crypto, he wrote.

The aim is to maintain/increase purchasing power in the energy field. If this can be done in the most liquid asset, government bonds, then liquidity will take the easy way out.

If such an event were to occur in the future, Bitcoin would become more dependent on its technological premises, which Mr Hayes said would clearly be inadequate without more cash on board.

I can’t estimate how much technological value is left, he warned.

However, it is much lower than the current price of bitcoin.Arthur Hayes Anti-Inflationary Options Table. Source : David Venturi/Twitter

To counter this risk, investors should take advantage of both the unprecedented potential of cryptocurrency and the volatility of futures prices.

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