Alex Dovnya
Michael Saylor's influence has been questioned by some members of the cryptocurrency community.
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Anthony Scaramucci, an American financier and founder and managing partner of New York-based investment firm SkyBridge Capital, said: Defended MicroStrategy co-founder Michael Saylor has hit back at critics who accuse the company of doing more harm than good to Bitcoin.
Scaramucci called the harsh comments “complete nonsense,” adding that Saylor was a “sherpa” for many of us. He added that the MicroStrategy co-founder is “the best exponent of Bitcoin” in the crypto community.
Many crypto critics side with Scaramucci, arguing that it is foolish to view Saylor’s influence negatively, given his dedication.
But others recalled that Saylor's defense of Bitcoin went too far. In 2021, near the peak of the last bull cycle, he famously advised his followers to mortgage their homes and buy more Bitcoin. Saylor's comments backlash in 2022 during the Bitcoin price crash, with many followers accusing the controversial Bitcoin evangelist of leading them to financial ruin. As reported by U.Today, Saylor said: Defended His controversial comments led critics to claim he was cherry-picking his words.
Saylor, who famously became the first person to lose $6 billion in a day during the dot-com crash in 2000, has managed to reinvent himself as one of Bitcoin's top advocates. After facing much ridicule during the bear market, Saylor made his naysayers clear. MicroStrategy (MSTR) shares have risen triple digits this year on the back of Bitcoin's rally. Meanwhile, Saylor's net worth has surpassed $4 billion.
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