Breaking News
Investing Pro 0
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data

Crypto World Reacts to Michael Saylor’s Resignation

Cryptocurrency Aug 03, 2022 03:00PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters Crypto World Reacts to Michael Saylor’s Resignation
 
TWTR
+0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
BTC/USD
-0.48%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
XRP/USD
-0.02%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

The stepping down of MicroStrategy Inc. co-Founder and CEO Michael Saylor has stepped down from his position, drew a spectrum of reaction from the crypto community.

Crypto community mocks Saylor

CryptoWhale, an account sharing crypto insights, and followed by 533K Twitter (NYSE:TWTR) users, was harsh to opinion on Saylor’s actions:

Entrepreneur and investor Jason A. Williams, the author of the book “Bitcoin: Hard Money You Can’t F*ck With,” shared a satirical video:

Editor-in-Chief at Swan Bitcoin, a crypto trading app, Tomer Strolight wrote ironically:

WallStreetPro account, covering investment news, was not lacking humour:

Most likely, WallStreetPro comment comes as a response to Saylor’s esoterical tweets regarding Bitcoin:

Another crypto news account CryptoHub mocked Saylor in their tweet. The tweet was later deleted.

XRP the Standard Productions – the creator behind ‘Crypto Town Crier’, and followed by 82.6K followers, had another proposal for Saylor’s future career

A retail trader & investor, co-founder of ‘Trade Rade’ known on Twitter as “HorseloverFat,” ironically congatulated Saylor with his new achievement:

CIO at Novi Loren fund joked, that if she would pursue her true passion of buying Bitcoin, her family would hold an intervention.

Some of the comments referred to the intervention done to Saylor by his company:

More moderate views

Apart from mockery, there were more moderate responses. Some voices in crypto world sees Saylor’s resignation as an opportunity. Ben Armstrong, couch and investor, who has a massive army of 867.6K followers, sees Saylor’s resignation as “interesting turn of events,” and calls it a “fascinating time to be holding Bitcoin.”

Crypto news U.today tweeted, that Saylor’s resignation might have a positive impact to the crypto industry.

On the Flipside

  • Resignation come after MicroStrategy reported losses of $1.062 billion in its second-quarter earnings.
  • Bitcoin has contributed to MicroStrategy’s stock price dropping by more than 48 percent so far in 2022,
  • Despite holding more than $1.98 billion in the troubled Bitcoin, Michael Saylor remains bullish about the investment.

More about Michael Saylor steeping down from CEO position:

Michael Saylor Steps Down As CEO Of MicroStrategy To Focus On Bitcoin Strategy

For more information about what Michael Saylor had to say about Bitcoin’s Plunge to $20K:

$20K Is an “Ideal Entry Point” for Investors to Buy Bitcoin, Says Michael Saylor

Continue reading on DailyCoin

Crypto World Reacts to Michael Saylor’s Resignation
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
Penabat Khemah
Penabat Khemah Aug 03, 2022 9:00PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
M. Saylor is the hero
jason xx
jason xx Aug 03, 2022 4:52PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
You don't lose anything on BTC until you sell tools
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email