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Scaramucci defends Bitcoin promoter Saylor from criticism
Alex Dovbnja
Michael Saylor’s influence has been questioned by some members of the cryptocurrency community
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American financier Anthony Scaramucci, founder and managing partner of New York-based investment firm SkyBridge Capital, has defended MicroStrategy co-founder Michael Saylor hits back at a critic who accused Saylor of hurting Bitcoin more than helping it.
Scaramucci criticized the caustic comment as “utter nonsense,” adding that Saylor was a “Sherpa” to many of us. He added that the MicroStrategy co-founder was “the best explainer of Bitcoin” in the cryptocurrency community.
Most cryptocurrency commentators have sided with Scaramucci, arguing that it would be ridiculous to cast Saylor’s influence as a negative considering his dedication.
However, there are also those who recall that Saylor’s defense of Bitcoin sometimes went too far. In 2021, he advised his followers to mortgage their homes to buy more Bitcoin near the peak of the previous bull cycle. In 2022, Saylor’s remark came back to haunt him during the Bitcoin price collapse, with many followers accusing the controversial Bitcoin evangelist of driving them to financial ruin. As reported by U.Today, Saylor defended his controversial comment, claiming that critics had chosen his words carefully.
Saylor, who famously became the first person to lose $6 billion in one day during the dot-com bubble burst in 2000, has managed to reinvent himself as one of Bitcoin’s leading proponents. After being mocked during the bear market, Saylor called out his naysayers. MicroStrategy (MSTR) stock has rallied by triple digits this year due to Bitcoin’s rally. Meanwhile, Saylor’s net worth has surpassed $4 billion.
About the author
Alex Dovbnja
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience covering everything related to the burgeoning industry, from price analysis to Blockchain disruption. Alex has authored more than 1,000 stories for U.Today, CryptoComes, and other fintech media. He is particularly interested in regulatory trends around the world that are shaping the future of digital assets; he can be contacted at alex.dovbnya@u.today.