Michael Saylor Latest Tweet News: The crypto community criticized American entrepreneur Michael Saylor for his latest statement in support of Sam Bankman-Fried. The MicroStrategy cofounder is famous for his support for adoption of Bitcoin in the financial world. His company stands out as the largest institutional holder of Bitcoin despite facing heavy unrealized losses due to recent price drop. Earlier this year, Saylor stepped down from the role of Microstrategy CEO to pivot to a crypto focused position.
Also Read: Microstrategy Earnings: What Future Holds For Largest Bitcoin Holding Company
Michael Saylor Supports Sam Bankman-Fried
Saylor has a knack for tweeting random statements on Bitcoin and its future prospects. In a latest tweet, he showed support for the FTX founder who is subject to intense regulatory scrutiny over allegations of user money fraud. However, Saylor’s tweet received heavy criticism from the crypto community, which is already burdened by the crash that resulted from FTX collapse. Saylor’s statement was centered around SBF’s role in intensifying Bitcoin adoption.
“Sam created a million Bitcoin Maximalists.”
Responding to this, a crypto enthusiast said the maximalists promoted centralized protocols instead of decentralized Finance (DeFi). Mario Romero’s tweet
“Maximalist were the ones promoting centralized venues instead of DeFi. Sam defrauded a lot of people that listened to them.”
