Although Bitcoin is at its lowest point in over a year and a half, and his company’s significant crypto investment is in the red, Michael Saylor’s belief in the world’s most popular cryptocurrency remains unshaken. Saylor, the CEO of MicroStrategy, updated his Twitter profile shot to a photo of himself with lasers coming out of his eyes. In the crypto realm, self-portraits with laser eyes symbolize that you support Bitcoin. Saylor updated his profile image hours after tweeting “In #Bitcoin We Trust,” reiterating his support for the cryptocurrency. After the tweet from Michael Saylor, Peter Schiff, a well-known investor and Bitcoin critic, reacted and said it would cost him. He added that the only thing he can do is to pray for Bitcoin. That's really going to cost you. Trust has been broken. You can try praying, but that won't work either. The best thing you can do now is sell while you still can. Whoever gets stuck with the largest stack of #Bitcoin when the music stops is the biggest loser. — Peter Schiff (@PeterSchiff) June 14, 2022 Incidentally, this isn’t the first time when Michael Saylor and Peter Schiff have differed from each other with respect to their opinions on Bitcoin. They got into a similar Twitter debate last year in May too. Bitcoin Lows Bitcoin has been trading at its lowest level since December 2020, with a recent high of $22,960. MicroStrategy, which holds large amounts of cryptocurrencies, experienced an u...
$285 Million in Bitcoin Shorts Wiped Out
