Michael Saylor Says ‘Sell a Kidney’ for Bitcoin, Market Reacts

- Michael Saylor strongly advocates holding Bitcoin, even if it means selling a kidney - Bitcoin drops 7.22% in the last 24 hours, current price at $79,493.85 [Unblock Media] Recently, a notable figure has emerged in the latest Bitcoin news. Michael Saylor, co-founder of the company formerly known as MicroStrategy and known Bitcoin maximalist, has once again drawn attention. He recently made a strong statement on his belief about Bitcoin's future value, saying, "One must hold Bitcoin. If necessary, even sell a kidney to hold it," stirring up the community. This bold remark significantly impacted market trends and reaffirmed his unwavering conviction. This is not the first time Saylor has expressed his confidence in Bitcoin. During his tenure as MicroStrategy CEO, he made substantial purchases of Bitcoin with corporate assets and consistently viewed Bitcoin as "digital gold." In a 2024 interview, he predicted that Bitcoin would reach $13 million by 2045, emphasizing its role as the ultimate store of value. These daring comments have sparked mixed reactions among investors. Those who agree with his belief view Bitcoin as an innovative asset that can overcome the limitations of the traditional financial system, while critics worry that excessive optimism could cause market instability. Saylor's recent Bitcoin tweet has garnered over 840,000 views and directly influenced Bitcoin price predictions. However, the recent decline in Bitcoin's value is not solely due to his statements. To understand the drop in Bitcoin, one must examine recent events. On February 21, a massive hacking incident occurred on the cryptocurrency exchange Bybit, resulting in the theft of around $1.4 billion worth of Ethereum. Related articles: 100 Supercars' Worth of Crypto Stolen—Did North Korea Hack Bybit? This was one of the significant Bitcoin hacking incidents, causing widespread unease in the cryptocurrency market and contributing to Bitcoin's drop. Additionally, former President Donald Trump's plans to impose high tariffs and inflation concerns have triggered risk-averse sentiments even in Bitcoin exchanges. Bitcoin's current price stands at $79,493.85, having dropped 7.22% in the last 24 hours. It has seen a 30-day volatility drop of 22.18%, with Bitcoin's market capitalization accounting for 59.73% of the overall market share. This volatility suggests that one should approach Bitcoin with a long-term perspective rather than being swayed by short-term price fluctuations. Following Saylor's remarks, the Bitcoin community's response was intense. Some projects became more active, and there was an increase in campaigns encouraging Bitcoin ownership. However, Bitcoin remains a highly volatile asset, and it is crucial to analyze market trends closely and take risks into account. While Michael Saylor's comments show his strong conviction in Bitcoin, not all investors should take his advice at face value. Though Bitcoin is establishing itself as an innovative asset in the financial system, it is accompanied by significant volatility and risks. Investors need to balance Bitcoin's long-term value with its risks rather than being influenced by simple statements. Ultimately, Bitcoin is likely to continue driving changes in the financial system. However, a cautious approach to its price volatility during these changes is essential and cannot be overlooked.