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Julian Hosp, Founder of Cake DeFi, has expressed concerns about the speculative nature of Bitcoin and MicroStrategy's stock, suggesting they are vulnerable to sharp declines when market sentiment turns negative. This statement was made on the social media platform X.
"This is really on the Strategy website... they're promoting themselves as the worst investment," said Hosp. "The problem is, there's no other way around it... MSTR is crashing... and it's dragging Bitcoin down with it. The problem with pure price speculation like Bitcoin and thus also MSTR is that on the way up, all these price charts work great. But when that turns around, and everything turns negative, you have nothing to explain why it should go up again... there's just no value, only a price."
In October 2025, the cryptocurrency market saw increased investor caution despite some price recovery as Bitcoin traded between US$110,000 and US$115,000. This followed record-setting liquidation events and macroeconomic uncertainty. Analysts noted that the recent surge above US$112,000 coincided with a decline in precious metals and a resumption of institutional inflows into crypto. However, they emphasized that the rebound remains fragile with mixed sentiment. According to a report by CoinDesk, Bitcoin rose above US$112,000 as gold and silver prices fell during the same period.
