What ho, old bean! The chap who’s been banging on about holding Bitcoin like it’s the last slice of toast at a buffet, Michael Saylor, has gone and done a complete about-face. Yes, the very fellow who’s been the poster boy for the “HODL” brigade-so much so that one might think he’d sooner part with his monocle than a single satoshi-has now let slip that his firm, Strategy, might just flog a bit of their Bitcoin treasure trove. Egad!
During a recent earnings call, the man himself revealed the unthinkable: selling portions of their colossal Bitcoin stash. But fear not, for in a fresh chinwag, Saylor has set the record as straight as a cucumber sandwich, insisting that if they sell a smidge, they’ll simply buy back tenfold. Jolly good show, what?
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“Never sell”? Rather!
Old Saylor, with a twinkle in his eye, admitted to stirring the pot. “I’m dashed famous for saying never sell your Bitcoin,” he confessed, as if he’d just been caught with his hand in the biscuit tin. “And that’s why the internet went as bonkers as a ferret in a sack when we hinted at selling.”
He’s since clarified that his “never sell” mantra was more of a catchy quip than a strict corporate policy. “If I’d been more precise, I’d have said, ‘Never be a net seller of Bitcoin,'” he explained, with a shrug that said, “But where’s the fun in that?” Apparently, “never be a net seller” doesn’t quite have the same ring to it-not nearly as viral, don’t you know.
Despite the recent selling kerfuffle, Saylor insists their core strategy remains as steady as a butler’s hand pouring tea. The plan? Sell a bit here, buy a lot there, and keep the Bitcoin train chugging along. “Even if we were to sell one Bitcoin,” he noted, “we’d be buying 10 to 20 more. So, you’re really talking about a situation where we buy 10 Bitcoin, sell one Bitcoin, buy nine net Bitcoin, and continue to create Bitcoin.” Quite the financial juggling act, eh?
Saylor drew a rather amusing parallel to a tech giant reinvesting in its infrastructure. “If Google spent a billion dollars to invest in data centers so they could make 10 billion… it wouldn’t crash the dollar market. Oh, they spent a billion dollars to invest in their business. That’s fine, right? And so it would be fine for Google. It’s a rational thing to do. Sometimes you spend money to make more money.” Touché, old chap.
Peter Schiff and the “Ponzi” Nonsense
Now, let’s not forget the ever-charming Peter Schiff, the gold bug who’s been calling Saylor’s Bitcoin shenanigans a Ponzi scheme. “Peter thinks Bitcoin’s a Ponzi scheme,” Saylor quipped, with a dismissive wave of the hand. “Peter is not really a lover of anything in this space.” Quite the understatement, that.
Saylor then leapt to the defense of his financial instruments with the vigor of a man protecting his last drop of port. “Bitcoin is digital capital, and we’ve created a digital treasury company by selling equity and credit instruments to buy capital,” he argued. “If you don’t acknowledge Bitcoin as legitimate, you’ll never acknowledge any derivative on top of it as legitimate.” Well said, old bean. Well said.
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2026-05-10 10:32