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The Crypto World Reacts to Michael Saylor’s Resignation

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

Crypto Community Mocks Saylor

CryptoWhale, an account sharing crypto insights, and followed by 533K Twitter users, was harsh in their 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’s comment comes as a response to Saylor’s esoteric tweets regarding Bitcoin:

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

Michael Saylor

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 and investor, co-founder of “Trade Rade” known on Twitter as “HorseloverFat,” ironically congratulated Saylor with his new achievement:

The 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 the crypto world see Saylor’s resignation as an opportunity. Ben Armstrong, coach and investor, who has a massive army of 867.6K followers, sees Saylor’s resignation as an “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 on the crypto industry.

On the Flipside

  • The resignation comes 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 stepping down from his 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

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Paulina is a writer, journalist, and digital craftswoman. She comes from anthropology, art & IT backgrounds, and her writing varies from screenplays for theatre, poetry, or culture to fintech and blockchain. On DailyCoin, Paulina covers in-depth stories and exclusive interviews.