Strategy Inc. CEO Phong Le drew parallels on Saturday between Bitcoin and the principles of freedom and opportunity that underpin the American Dream. Celebrating the U.S. 250th Independence Day, Le shared his story as a Vietnamese refugee who escaped in 1978 and succeeded in America through education and hard work. He credited U.S. values of democracy, liberty, capitalism, and entrepreneurship for aiding his success before steering the conversation toward Bitcoin.

Le dubbed Bitcoin the "United States of money," stating that it aspires to create a system governed by transparent rules, much like the American Constitution. He described the cryptocurrency as "hope" for those who have worked hard for their money and want to protect it from monetary inflation, as well as for those born in countries without reliable rule of law or economic freedoms. Drawing from his personal journey, Le equated the principles that shaped his life—clear rules, individual sovereignty, property rights, resilience, open competition, and long-term conviction—to the principles he believes Bitcoin embodies.

"America gave my family freedom through a country. Bitcoin offers individuals monetary freedom through a network," Le said. "That is why Bitcoin is freedom."

Le leads Strategy, the world's most prolific buyer of Bitcoin, with a stash worth $53 billion as of this writing. However, concerns about the firm's financial strength have risen after it disclosed Bitcoin sales last month, undermining the "never sell" thesis that bullish investors had counted on. Since the disclosure, the MSTR stock has plunged 37%.

Le reiterated his belief in Bitcoin as a hedge against inflation and "big government," adding that Strategy would continue to be the biggest buyer of the asset. He stated the company would continue to sell BTC whenever "it makes sense" for the shareholders. At the time of writing, BTC was exchanging hands at $63,009.21, up 0.58% over the last 24 hours. Strategy shares closed 7.90% higher at $100.37 on Thursday.

Cathie Wood, founder of Ark Invest, stated on Friday that Bitcoin (CRYPTO: BTC) has bottomed out and is on course to resume its “volatile” uptrend. During Ark Invest’s In The Know podcast, Wood shared her analysis of Bitcoin’s ongoing trajectory, pointing to the Bitcoin-to-gold ratio chart. She noted that the ratio was holding its floor while gold moved lower. “It seems to be in a bottoming process. We believe that it has bottomed on this basis and will resume the very volatile but broad uptrend,” the Ark Invest CEO said.

The ratio currently stands at roughly 15, mirroring the levels observed in mid-2023 when it was advancing after bottoming out. Wood has frequently posited that gold prices tend to rally ahead of Bitcoin’s bull markets. If this thesis is to play out, gold needs to move higher first. Over the last month, however, the two assets have diverged sharply. Bitcoin has gained ground while spot gold has slipped.

Wood maintains her $730,000 base case Bitcoin target for 2030 and said earlier this month that the bull market is “intact” despite a sharp drawdown from its all-time highs. Last week, she positioned Bitcoin as a “wealth insurance policy” that AI-driven growth investments cannot provide. Wood’s conviction was also evident in Ark Invest buying shares of key cryptocurrency-linked stocks in late June, including Coinbase Global Inc (NASDAQ: COIN), Robinhood Markets Inc (NASDAQ: HOOD) and Bullish Inc (NYSE: BLSH).

Cantor Fitzgerald estimated in a recent report that the current bear market could reach its bottom around late October. At the time of writing, BTC was exchanging hands at $63,268.85, up 0.79% in the last 24 hours. Coinbase shares closed 3.92% higher at $165.48 on Thursday.