Michael Saylor Criticizes SBF Support! Here is The Reason
Michael Saylor criticizes SBF support! Here is the reason.
Michael Saylor Company emerged as the largest Bitcoin company
The co-founder is known for tweeting incoherently about the power of Bitcoin. Following his recent speech about crypto entrepreneur Sam Bankman-Fried, American entrepreneur Michael Saylor received a wide response from the crypto community. The MicroStrategy supporter is well known for its support for the use of Bitcoin in the financial industry. Despite the huge and unforgiving losses following the recent Bitcoin price decline, his organization emerged as a Bitcoin holder. Saylor left his role as CEO of MicroStrategy earlier this year to focus on the cryptocurrency market. Created many Bitcoin maximalists
Saylor is well known for tweeting inconsistent statements about the power of Bitcoin. He recently tweeted that the founder of FTX, who is under strict legal scrutiny due to allegations of stealing money from users, is responsible for creating many Bitcoin maximalists. However, Saylor’s tweet was heavily criticized by the cryptocurrency community, which struggled to recover from the decline caused by the FTX crash. Saylor’s comments mean that SBF’s participation in the recent FTX crash has helped the cause of Bitcoin adoption. In response, the crypto community concluded that the maximalists were in favor of a centralized rather than centralized DeFi (DeFi) system.
Currently, MicroStrategy has around 10,000 BTC. Meanwhile, how long it will take the crypto market to recover from the decline caused by FTX is an open question. Over the past 30 days, BTC has lost around 30% of its value from its all-time high. The same goes for the vast majority of other digital currencies.
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