Michael Saylor, the founder of MicroStrategy (now rebranded as Strategy), recently made waves with his comments on Bitcoin’s market decline.
As one of the most prominent institutional advocates for Bitcoin, Saylor humorously advised investors to hold onto their BTC, even jokingly suggesting, “Sell your kidney if necessary, but don’t sell your Bitcoins, keep them.”
In addition to his public encouragement for Bitcoin holders, Saylor has been actively involved in discussions about the creation of a U.S. Bitcoin reserve. He met with U.S. Representative French Hill to explore the potential of establishing a strategic Bitcoin reserve.
According to Saylor, his conversation with the House Financial Services Committee was centered around how digital assets could help the U.S. take the lead in Bitcoin and crypto innovation.
Saylor emphasized that digital assets could revolutionize payment systems and open up new avenues for capital access.
He expressed optimism about the committee’s ongoing work toward developing a clear legal framework to propel the U.S. as the global leader in cryptocurrency, in alignment with former President Trump’s vision of making the country the world’s crypto capital.
Crypto trader and analyst Kevin Svenson has shared his thoughts on Bitcoin’s potential price movement, suggesting a path to a potential bullish recovery.
Crypto analyst Ali Martinez has raised alarms about a potential downturn in Bitcoin’s price, highlighting a concerning trend on its weekly chart.
Crypto analyst Pizzino recently highlighted the potential for Bitcoin’s price to rebound despite the recent dip to a three-month low.
Bitcoin’s latest market downturn has hit recent buyers the hardest, with over $2.16 billion in realized losses between February 25 and 27, according to Glassnode.