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Michael Saylor responds to Cramer's accusations that he caused the Bitcoin crash

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CryptoWorld News reports that Michael Saylor publicly responded after CNBC host Jim Cramer accused him of causing the Bitcoin crash. Bitcoin has fallen over 20% in a week and is currently close to $59,000. Cramer tweeted, "Saylor killed Bitcoin," and pointed out that Saylor's recent Bitcoin sales are related to the market’s sharp decline. This comment was made after Bitcoin experienced over $450 million in long liquidations, reaching its lowest point in nearly two years. Saylor responded that this decline was just a "minor injury," and stated that the 32 Bitcoins sold by his company on Monday only represent a small portion of his holdings. Cramer believes that this sale has changed investors' views on Bitcoin's rebound. CryptoQuant CEO Ki Young Ju countered the view that Bitcoin's decline is due to Saylor, arguing that the main reason is the sell-off by larger, long-term holders. Citigroup analysts also said that investors may be overly focused on Saylor's sales and overlooking the continued outflows from the US spot Bitcoin ETF.
BTC-5.39%
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ReviewMonsterDoesn'tSleep
· 7h ago
Cramer and Saylor are fighting, retail investors are watching the show, wallets are bleeding
View OriginalReply0
ProtocolPicnic
· 7h ago
ETF outflows are the real danger; Saylor is just the scapegoat.
View OriginalReply0
TheHiddenRisksBehindApy
· 7h ago
Ki Young Ju is right, big players are the real market makers.
View OriginalReply1
MultisigOnRocks
· 7h ago
32 coins? Saylor's change is even more than this.
View OriginalReply0

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