Strategy Founder Michael Saylor Says Bitcoin Is ‘On Sale’

Strategy Founder Michael Saylor Says Bitcoin Is ‘On Sale’

Michael Saylor, founder of business intelligence firm Strategy, reinforced his bullish outlook on Bitcoin by urging investors to buy during market lows.

BTC

Fact Check
The assessment is 'likely_true' with high confidence based on strong secondary evidence that aligns with Michael Saylor's well-known public stance, despite the provided summaries not containing the exact quote from a primary source.First, the most authoritative primary sources are Michael Saylor's own X/Twitter accounts. While the summaries confirm these are the correct places to look, they do not contain the specific quote in question. However, this absence in a summary is not conclusive evidence of absence in his entire post history.Crucially, multiple secondary sources strongly support the sentiment and likely substance of the statement. One news digest explicitly reports on "Michael Saylor Reacts to Bitcoin (BTC) Price Crash." Another article notes his continued bullishness and high price targets even as the "Price Flashes Red." This behavior—viewing a price crash as a positive event or an opportunity—is perfectly synonymous with the colloquialism of something being "on sale." It is a common way for a bullish investor to frame a market dip. The statement accurately captures the essence of his publicly and repeatedly stated strategy of acquiring more Bitcoin, particularly when the price is lower.Some sources mention the term 'discount,' but they refer to MicroStrategy's stock trading at a discount to its Net Asset Value (NAV). While this is a different financial concept, it does not contradict the claim about Bitcoin. Instead, it reinforces the overall narrative of Saylor's value-oriented acquisition strategy.There is no contradictory evidence in the provided sources. No source suggests Saylor has ever viewed a price drop negatively or advised against buying during a dip. The consistency of his reported sentiment across multiple financial news outlets makes it highly probable that he has used the phrase "on sale" or a sentiment so similar that the statement is a factually accurate representation of his position.
Summary

On November 8, Strategy Executive Chairman Michael Saylor urged his followers on X to 'buy now' in support of Bitcoin amid market lows. This follows his November 6 comment describing Bitcoin as 'on sale,' underlining his consistent advocacy for purchasing the cryptocurrency during perceived undervalued periods.

Terms & Concepts
  • Bitcoin: A decentralized digital currency operating on a peer-to-peer network without the need for intermediaries.