Crypto World Reacts to Michael Saylor’s Resignation

© Reuters Crypto World Reacts to Michael Saylor’s Resignation

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:

Michael Saylor gambled all his company’s funds on Bitcoin, resulting in them losing over $2 Billion, and then ditched them all by quitting as the bear market starts.

These maxis are shameless.

— CryptoWhale (@CryptoWhale) August 2, 2022

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

Just leaving Michael Saylor’s retirement party from MicroStrategy. Early feedback. BudLight was cold. Michael Jackson impersonator was very aggressive. Music was solid. First time hanging with Toxic Maxis. Overall 7/10. Should have jumped on the yacht. @saylor – congrats bro! pic.twitter.com/jXdnGrirc2

— Jason A. Williams (@GoingParabolic) August 2, 2022

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

Michael @saylor is now going to concentrate on #Bitcoin.

Let that sink in.

— Tomer Strolight (@TomerStrolight) August 3, 2022

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

Michael Saylor stored so much energy that he exploded. pic.twitter.com/WeVR5Ks0Hm

— WallStreetPro (@wallstreetpro) August 2, 2022

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

#Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.

— Michael Saylor (@saylor) September 18, 2020

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

WOW!

Michael Saylor Steps Down from MicroStrategy to “Pursue Other Interests” https://t.co/HfytFfHwq0

— XRP the Standard Productions (@XRP_Productions) August 2, 2022

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

Dear Michael @saylor,

Losing $94.01 PER SHARE is so batshit crazy that it’s actually impressive. Congratulations on this historical achievement.

Your Biggest Fan,

Horse

— Horselover Fat (@Michigandolf) August 3, 2022

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

It’s so messed up that if Michael saylor retires to pursue his true passion of degenerately buying bitcoin he’s a visionary and when I do it my family holds an intervention

— Lily (@nope_its_lily) August 2, 2022

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

The Board of Directors just held an intervention. He was fired as a result.

— Alejandro Vergara (@avjbc) August 2, 2022

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.”

Michael @saylor stepping down from $MSTR is quite an interesting turn of events. Fascinating time to be holding #Bitcoin.

Could be a lot of implications and we will discuss one HUGE possible effect tmrw

— Ben Armstrong (@Bitboy_Crypto) August 3, 2022

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

ICYMI: Michael Saylor’s resignation as CEO might have a positive impact on the industry, here’s why https://t.co/Fe1cMCZhkI #MicroStrategy #Bitcoin #BTC $BTC

— U.Today (@Utoday_en) August 3, 2022

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