Michael Saylor, former MicroStrategy CEO, caused a stir with his recent comments on holding Bitcoin (BTC) at any price. In response to Bitcoin’s price drop below $80,000, he wrote: ‘If you have to sell everything, but keep your Bitcoin!’ While this statement may seem like a joke, it sparked strong reactions. Some users found it excessive and even initially thought it was a fake account. One user wrote: ‘Saylor wants people to sell everything so his investors can throw him into the sea!’ This is not the first time Saylor has offered controversial advice. In 2021, he suggested people mortgage their homes to buy Bitcoin. However, after the price drop in 2022, many deemed this advice reckless. Nevertheless, the strategy continues to buy Bitcoin and has accumulated assets close to 500,000 BTC. Their average purchase price is $66,350, and if the price continues to fall, the strategy’s holdings may be severely affected. Nonetheless, analysts believe the company won’t need to resort to forced selling for years. On the momentary digital currency price page, you can view live prices of all tokens and cryptocurrencies.
Discover Michael Saylor's bold Bitcoin investment advice and its impact on the market. Stay updated on live cryptocurrency prices.