Musk Ignores Bitcoin Bull Michael Saylor's Suggestion To Buy Some More Of The Crypto

Cryptocurrency evangelist and Microstrategy executive chairman Michael Saylor has suggested that Tesla CEO and tech billionaire Elon Musk should "buy some more Bitcoin" and while crypto Twitter awaits the CEO's reaction to the suggestion, it looks like the DOGE father has ignored it.

Saylor and Musk are two of the biggest names in the world who openly support and advocate for cryptocurrency. But unlike Saylor, Musk's tweets always affect the performance of a certain crypto asset.

On Wednesday, Musk jokingly tweeted about supporting the left half of the Republican Party and the right half of the Democratic Party and followed it up with another tweet that caused an uproar in the football world.

"Also, I'm buying Manchester United ur welcome," the tweet read.

One of the unexpected responses to the controversial tweet came from Saylor, the former CEO and now the executive chairman of Microstrategy.

"We would prefer that you buy some more #bitcoin," the executive said in a tweet. Musk didn't respond to Saylor's comment on his tweet.

In July, Tesla shared that it had sold three-quarters of its Bitcoin holdings, which Saylor used to take a shot at Musk and did the math on Twitter.

"If you sell 75% of your bitcoin, you will only have 25% of your bitcoin left," Saylor tweeted at the time.

During Tesla's earnings call with analysts, Musk revealed the reason why the company decided to sell its Bitcoin holdings. "The reason we sold a bunch of our Bitcoin holdings was that we were uncertain as to when the Covid lockdowns in China would alleviate."

He also said that "it was important for us to maximize our cash position." Despite this, the tech billionaire assured crypto fans that Tesla would not abandon the crypto asset.

"We are certainly open to increasing our Bitcoin holdings in the future, so this should not be taken as some verdict on Bitcoin," Musk said. "It's just that we were concerned about overall liquidity for the company," he further explained.

Tesla acquired $1.5 billion worth of Bitcoin and began accepting BTC as a form of payment for its electric vehicles. However, the payment option was stopped in April over the issue of Bitcoin mining and its effects on the environment.