Michael Saylor Latest Tweet news: The crypto community has criticised American entrepreneur Michael Saylor’s latest comments about Sam Bankman-Fried. MicroStrategy cofounder Michael Saylor is well-known for his support of Bitcoin adoption in the financial sector. His company is the largest institutional holder Bitcoin, despite suffering heavy unrealized losses from recent events.
CoinGape’s first post, Michael Saylor Criticized for Sam Bankman-Fried Statement: Here’s Why appeared on CoinGape.
Michael Saylor Latest Tweet news: The crypto community has criticised American entrepreneur Michael Saylor’s latest comments about Sam Bankman-Fried. MicroStrategy cofounder Michael Saylor is well-known for his support of Bitcoin adoption in the financial sector. Despite suffering unrealized losses from the recent price drop, his company is the largest institutional holder Bitcoin. Saylor, who was Microstrategy CEO, resigned earlier this year to focus on crypto.
Also read: Microstrategy earnings: What future holds for the largest bitcoin holding company
Saylor is known for his ability to tweet random statements about Bitcoin and its future prospects. In a recent tweet, he suggested that FTX founder, who is under intense regulatory scrutiny over allegations regarding user money fraud, indirectly created many Bitcoin maximalists. The tweet was heavily criticized by the crypto community, already suffering from the FTX crash. Saylor’s statement hinted at the role of SBF in indirectly supporting Bitcoin adoption due to the recent collapse FTX.
“Sam created a million Bitcoin Maximalists.”
A crypto enthusiast responded to this by saying that maximalists advocate centralized protocols over decentralized Finance (DeFi). Mario Romero tweeted,
“Maximalist promoted centralized venues instead DeFi. Sam defrauded many people who listened to him.
Microstrategy currently has around 10,000 BTC. According to CoinMarketCap, the BTC price is at $16,654, a decrease of 0.11% over the last 24 hours. It remains to be seen how long it will take for the crypto market to recover from the FTX collapse. BTC is now at around 30% of its peak in the last 30 day. The same holds true for most major cryptocurrencies.
Also read: FTX launches Asset Review; Here’s Where Remaining Holdings Stands
About the author
The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.