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International Business Times
International Business Times
Business
Marvie Basilan

Michael Saylor In Denial? MicroStrategy Chair Criticized For Maximalist Stance Amid BTC Downturn

Michael Saylor Bitcoin MicroStrategy Coinbase Kraken
Bitcoin's fiery bull run last month is over, but Michael Saylor hasn't budged and still believes in his BTC strategy. (Credit: Marco Verch/flickr)

KEY POINTS

  • Many of Saylor's followers agreed that one should "elevate" thinking to understand Bitcoin's run
  • Some were more realistic, noting that prices are significantly down
  • The MicroStrategy chairman was previously urged to pump up the asset's declining price

MicroStrategy founder and executive chairman Michael Saylor has been quite optimistic about Bitcoin despite the digital currency's significant decline from last month's all-time high, but some users on X (formerly Twitter) have raised the issue of whether the maximalist's confident stance is a case of denial.

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