Michael Saylor Challenged To Prove Bitcoin Is 'Refreshing' By Pumping Price To $100K

MicroStrategy founder and executive chairman Michael Saylor is faced with a challenge to prove his Wednesday statement that "Bitcoin is refreshing" as one user said he should "refresh" the price, considering how the world's largest digital asset by market cap has been down by around $10,000 since it hit an all-time high of $73,000 last month.

Many users agreed with Saylor, saying the digital coin was indeed a refreshing "alternative" to other traditional finance products. One user noted that Bitcoin had a restoring effect "at a time of heavy manipulation and corruption."

However, not everyone on the comments section of Saylor's post agreed. One user said it was "ironic because it's impossible" to purchase a drink using Bitcoin. Another user said owning shares of MicroStrategy was "even more refreshing."

User @CRYPT38 on X (formerly Twitter) was more straightforward, considering how Bitcoin prices have been down significantly since it posted a new all-time high last month. "Then refresh the price and send us to 100K chad," the user said.

Another user pointed out that it will be difficult for BTC to continue an uptrend. She further noted that while Bitcoin can possibly hit new highs, the current state of the crypto market is "very unstable" and betting on BTC's possible rise "is like a gamble now." One user had a similar view of the matter, saying Bitcoin being refreshing depends on profits.

The increasing pessimism in the crypto community has been apparent since Saylor wrote on X that "chaos is good for Bitcoin" after Iran launched its first direct attacks toward Israel on April 13. At the time, many digital asset users called out the tech mogul for his "insensitive" remarks.

Following the Iranian aerial rampage across Israeli skies, Bitcoin saw a sharp drop sliding 7.7%, marking its biggest drop since March 2023.

Saylor was also criticized two days before the April 20 halving when he urged investors to "elevate" their thinking by investing in the world's first decentralized cryptocurrency. Some users suggested the tech executive was downplaying the fact that BTC prices were down. "Bitcoin is collapsing. Watch your step," one X user told the tech titan.

Meanwhile, Saylor seems unfazed by the criticism and growing pessimism among other crypto users. Being a Bitcoin maximalist, he has only made positive statements about the digital asset and his company has been stacking up on its stash that now boasts over 214,000 Bitcoins.

As of writing, the popular cryptocurrency is trading between $63,000 and $64,000.