Michael Saylor, co-founder of MicroStrategy, took to X to mock the Wall Street Journal (WSJ) after Bitcoin hit a new record high.
In a recent post, Saylor recalled a 2022 WSJ article that had been highly critical of his bold decision to invest billions of dollars in Bitcoin, which was then painted as a risky gamble.
The analysts warned that Saylor’s massive bet on Bitcoin might even sink MicroStrategy entirely. But, instead, 2024 has seen Bitcoin’s value surge by more than 115%, reaching new highs as Donald Trump wins the 2024 election and driving MicroStrategy’s stock up by over 400%, proving many of those early predictions wrong.
Just like the so many predictions in the past that Bitcoin will soon be DEAD, this story involving Michael Saylor who has become of the most famous Bitcoin believers, evangelists and investors and WSJ a media outlet who is slowly losing the grip on reality and will actually the one to be DEAD due to dwindling audience and influence really illustrates that in Bitcoin nothing will be permanent and that there will always be tomorrow just stay in there and HOLD because eventually LIFE will be excited and bright.after so many years bitcoin was able to fight back against pessimists and was able to prove itself it feels like every time bitcoin gets a slight correction everyone is jumping in on the idea that this will be finally the time that bitcoin will crash and burn i think these people who are always spreading news about bitcoin crashing are the ones who did not believe in bitcoin back then and now are hoping to save face
WSJ should see that Bitcoin will never be DEAD...and they should instead look at themselves as they are the one gradually losing their market. And yes leave Michael Saylor and his business for good.if trump really seal his promises of improving bitcoin in the us, we might see wall street struggle and investments focus would shift from stocks and bonds to cryptocurrencies and wall street would surely be unhappy i am not surprised that they would bad mouth anyone that invests in bitcoin they are a direct competitor after all
(https://www.cryptotimes.io/wp-content/uploads/2024/11/Micheal-Saylors-tweet.png.webp)Quote
Michael Saylor, co-founder of MicroStrategy, took to X to mock the Wall Street Journal (WSJ) after Bitcoin hit a new record high.
In a recent post, Saylor recalled a 2022 WSJ article that had been highly critical of his bold decision to invest billions of dollars in Bitcoin, which was then painted as a risky gamble.
The analysts warned that Saylor’s massive bet on Bitcoin might even sink MicroStrategy entirely. But, instead, 2024 has seen Bitcoin’s value surge by more than 115%, reaching new highs as Donald Trump wins the 2024 election and driving MicroStrategy’s stock up by over 400%, proving many of those early predictions wrong.
Read more of this here. (https://www.cryptotimes.io/2024/11/08/michael-saylor-mocks-wsj-following-bitcoins-record-high/)
Just like the so many predictions in the past that Bitcoin will soon be DEAD, this story involving Michael Saylor who has become of the most famous Bitcoin believers, evangelists and investors and WSJ a media outlet who is slowly losing the grip on reality and will actually the one to be DEAD due to dwindling audience and influence really illustrates that in Bitcoin nothing will be permanent and that there will always be tomorrow just stay in there and HOLD because eventually LIFE will be excited and bright.
WSJ should see that Bitcoin will never be DEAD...and they should instead look at themselves as they are the one gradually losing their market. And yes leave Michael Saylor and his business for good.
Just like the so many predictions in the past that Bitcoin will soon be DEAD, this story involving Michael Saylor who has become of the most famous Bitcoin believers, evangelists and investors and WSJ a media outlet who is slowly losing the grip on reality and will actually the one to be DEAD due to dwindling audience and influence really illustrates that in Bitcoin nothing will be permanent and that there will always be tomorrow just stay in there and HOLD because eventually LIFE will be excited and bright.I admire Saylor conviction. He's a true believer in BTC and isn't afraid to shout it from the rooftops. People have been predicting BTC demise for years, but BTC keeps on going, hitting new all-time highs. The WSJ really shot themselves in the foot trying to bash BTC and crypto.
WSJ should see that Bitcoin will never be DEAD...and they should instead look at themselves as they are the one gradually losing their market. And yes leave Michael Saylor and his business for good.
I admire Saylor conviction. He's a true believer in BTC and isn't afraid to shout it from the rooftops. People have been predicting BTC demise for years, but BTC keeps on going, hitting new all-time highs. The WSJ really shot themselves in the foot trying to bash BTC and crypto.I agree Saylor confidence in Bitcoin is inspiring. Despite years of predictions that Bitcoin would fail it keeps growing. Wall Street Journal criticism actually helped Bitcoin by making CEOs rethink their views and pushing companies to consider Bitcoin and encouraging big investors to buy. This shows that mainstream media doubts can actually benefit crypto in long run motivating others to invest and driving growth.
This kind of mockery is actually a good thing for crypto. It makes other CEOs question everything they've been told about crypto by mainstream media. It puts pressure on boards of directors who've turned down BTC opportunities. And it encourages big companies to overcome their doubts and finally buy their first BTC.
One thing I have learnt about all these is that critics and naysayers will come and go, but Bitcoin will still be there waxing stronger. Thanks to all those who believe in Bitcoin for keeping it going. bitcoin is 80k, who would have believed that bitcoin would get to this point?
WSJ should see that Bitcoin will never be DEAD...and they should instead look at themselves as they are the one gradually losing their market. And yes leave Michael Saylor and his business for good.
And it's the same with Bukele as well from El Salvador, everyone was mocking him and even him have problems with World Bank because of him making Bitcoin a legal tender.
So I guess this will be the norm for those who up front support Bitcoin itself, there will be attacks at all side. Nevertheless, if you are that resilient and just continue to hold and accumulate Bitcoin, you can silence the crowd. Nevertheless, when we hit the bear market again, those anti-Bitcoin will come back after a long hiatus and go full attack mode again on the likes of Bukele and Michael Saylor.
And it's the same with Bukele as well from El Salvador, everyone was mocking him and even him have problems with World Bank because of him making Bitcoin a legal tender.
So I guess this will be the norm for those who up front support Bitcoin itself, there will be attacks at all side. Nevertheless, if you are that resilient and just continue to hold and accumulate Bitcoin, you can silence the crowd. Nevertheless, when we hit the bear market again, those anti-Bitcoin will come back after a long hiatus and go full attack mode again on the likes of Bukele and Michael Saylor.
We, the people in crypto, understand that bitcoin will continue to go up but the question is the timing. I think the analysis/prediction that microstrategy could go down because of its heavy investments on btc is not completely out of touch with reality. Remember that it is a business at the end of the day with huge but not unlimited capital. It's a matter of surviving or bleeding out before the next run.
Honestly, everything about the crypto market as far as timing is concerned is unpredictable, it has been the most difficult part of the market analysis. In a nutshell, Michael Saylor must have learnt that Bitcoin has it bear periods and he should be prepared for it. This is my opinion.i am sure he is prepared he has teams that probably update him of what is happening everywhere and specifically in bitcoin besides he started buying bitcoin before the prices of bitcoin was going up so i think he has a good idea of what it would be like if bitcoin dropped and i am sure he has studied and he has employed many experts to help him since his company is what is at stake here