Michael Saylor, executive chairman of MicroStrategy, made a bold joke amid Bitcoin's price drop below $80,000, saying, “Sell a kidney if you must, but keep the Bitcoin.” While his remark was lighthearted, it underscored his unwavering commitment to BTC even as the market faces heightened volatility.
Bitcoin has plunged over 18% in the past week, driven by liquidity concerns, macroeconomic uncertainty, and potential trade war tariffs under Donald Trump.
Saylor's stance on Bitcoin remains firm despite growing criticism. Some investors pointed out that another 16% drop could push MicroStrategy’s BTC holdings into loss territory, adding to its $8 billion debt burden. Critics argue that his aggressive BTC purchases at market highs were risky, potentially exposing the company to financial instability. Despite these concerns, corporations like Metaplanet and Semler Scientific continue to follow Saylor’s Bitcoin strategy, leveraging BTC to build shareholder wealth.
Beyond his market commentary, Saylor has been actively engaging with US lawmakers. Earlier this week, he met with the House Financial Services Committee and Representative French Hill to discuss the creation of a Bitcoin strategic reserve for the United States. The discussion centered on positioning the US as a global leader in cryptocurrency innovation and developing a regulatory framework that fosters blockchain adoption while ensuring financial stability. Congressman Dan Meuser emphasized that digital assets could enable frictionless payments and new financial opportunities, aligning with President Trump’s vision of making the US a crypto powerhouse.
Saylor also attempted to sell Bitcoin to billionaire Jeff Bezos. Bezos recently announced major editorial shifts at The Washington Post to promote “free markets” and “personal liberties.” Saylor responded by advocating for Bitcoin as the ultimate tool for financial freedom, calling it an open protocol that ensures prosperity through digital technology.
As Bitcoin struggles to regain stability, investor sentiment remains mixed. BTC is currently trading at $80,290, down another 6% today, as the usual “buy the dip” enthusiasm appears to be fading.
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