Bitcoin crashed below Michael Saylor’s ‘sell your kidney’ price
On February 27, Michael Saylor encouraged his devotees, “Sell your kidney if you must, but keep the bitcoin.” As of that tweet, bitcoin (BTC) was trading at $79,900, but yesterday, it crashed below $74,500. Nevertheless, Saylor took the opportunity to remind his followers that BTC’s USD price shouldn’t matter anyway. True believers should remember, he posted memetically, that the price of BTC has a constant denomination in Saylor’s preferred currency: BTC. 1 BTC = 1 BTC — Michael Saylor️ (@saylor) April 7, 2025 If you denominate bitcoin in bitcoin, the price cannot decline. People knew Saylor’s kidney advice was hyperbole and that voluntary organ sales are generally illegal, but even major influencers called the tweet irresponsible. Mortgages, kidneys, yet bitcoin still crashes Of course, yesterday wasn’t the first time that BTC declined below a price at which Saylor encouraged irresponsible investing. On March 10, 2021, he encouraged inves...