Michael Saylor Calls Bitcoin a '20% Off,” Sparks Buying Sentiment

MicroStrategy co-founder and chairman Saylor has been vocal about Bitcoin. The newest missive occurred during the crypto’s most turbulent price.

MicroStrategy co-founder and chairman Michael Saylor is well-known for his outspoken support of Bitcoin. In his latest post, Saylor shared a photograph of an old signpost with the words, “For Sale, 1 BTC,” and captioned it, “Bitcoin: 20% off. Sale ends soon.”

The message is clear: Saylor believes that the current dip in bitcoin price presents a great opportunity for investors to buy the crypto before it starts to rebound again.

This interpretation is further supported by Saylor's past actions. For example, in 2023, he advised investors to "sell everything and buy bitcoin" during a market downturn. Saylor's company, MicroStrategy, has also purchased large amounts of bitcoin over the years, even during periods of market volatility.

In a recent interview, Saylor explained his bullish stance on bitcoin, saying that he believes that the crypto is "the best monetary technology ever created." He added that bitcoin is "unstoppable" and that it will "continue to grow and grow over time."

While Saylor's messages are often interpreted as financial advice, it's important to note that he is not a licensed financial advisor. As such, his messages should not be taken as professional financial advice.

However, Saylor's messages do seem to be having an impact on the crypto market. For example, following Saylor's recent message about bitcoin being “20% off,” the price of the crypto did indeed experience a slight uptick.

Overall, Saylor's messages are likely to continue to be closely watched by both crypto investors and the broader financial community.

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