Michael Saylor, the executive chairman of MicroStrategy (MSTR), made a wild comment on X (formerly Twitter), telling people to “Sell a kidney if you must, but keep the Bitcoin.” He was joking, but his timing was perfect.
Since the beginning of this month, Bitcoin’s price crashed by 19% and is now below $90,000 and currently trading for $81,883. Other cryptocurrencies are not doing well either. Right now, many Bitcoin holders are nervous, and Saylor’s message was meant to encourage them to stay strong and not sell their Bitcoin.
The crypto market has been struggling due to multiple reasons. To start with, there isn’t enough liquidity to move the market. Also, the overall economic climate has done its part to complicate things further, together with concerns about Donald Trump’s trade tariffs. So, investors are on edge, and Bitcoin’s price drop has made things worse.
Despite this, Saylor refuses to sell any of his Bitcoin and continues to push others to hold onto theirs. His company, MicroStrategy, owns nearly 500,000 BTC, which it bought at an average price of $66,350. Some admire his dedication, but others worry that if Bitcoin falls even more, MicroStrategy could be in trouble, especially with its $8 billion debt.
Meanwhile, Saylor’s “kidney” comment got mixed reactions on X. Some laughed, knowing it was just a joke, while others weren’t impressed. Peter Schiff, a popular crypto enthusiast and economist, reacted to the tweet, “First you told people to max out their credit cards and mortgage their homes to buy Bitcoin. Now you’re telling them to sell off their organs. Have you no shame?”
Another person thought the post was from a parody account, only to realize it was real. This isn’t the first time Saylor has said something extreme about Bitcoin. Back in 2021, he told people to mortgage their homes to buy more BTC when it was trading at $57,000. That advice didn’t age well when Bitcoin crashed in 2022.
Beyond social media, Saylor has been pushing for something much bigger. He recently met with U.S. lawmakers, including the House Financial Services Committee and Representative French Hill, to talk about creating a Bitcoin reserve for the U.S. He believes Bitcoin could be an important asset for the country’s future.
Congressman Dan Meuser, who was part of the meeting, said, “Digital assets can unlock a frictionless payment future and enable new sources of access to capital.” Saylor is pushing for the U.S. to be a leader in cryptocurrency.
Saylor is also trying to get big names like Jeff Bezos interested in Bitcoin. When Bezos recently talked about supporting “free markets” and “personal liberties” at The Washington Post, Saylor responded, saying, “Bitcoin is the best way to promote personal liberties and free markets.” He sees Bitcoin as more than just an investment; it’s a movement.
Also Read: Texas Bitcoin Reserve Bill Moves to Senate Review
