Should We Be Worried About Michael Saylor Getting His Bitcoin Loans Liquidated?
This has been a new narrative amongst the crypto space. Now that SBF and FTX have blown up along with dozens of other crypto companies, firms and individuals - people are turning to one of the biggest Bitcoin evangelists and BTC holders: Michael Saylor.
There is a lot of speculation out there about what his Bitcoin loan liquidation price is. For those who don't know, this is the price that BTC would need to hit for his loan collateral to be liquidated at market prices to cover the margin loans he's taken out to buy more Bitcoin.
Some are speculating this could be as high as $13.5k. I'm not so sure about that.
In this clip, we talk about it and some of the speculation surrounding Saylor right now.
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In September Michael Saylor tweeted that BTC must crash to $3,562 for the company to get margin called. Not sure how much more he bought since then but I guess if he bought more that would bring this liq. price up. He's a big boy, if he gets liquidated I don't think it should concern any of us, btc and crypto will go on with or without him. lol
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nah we shouldn't be worried, he made fun of bitcoin at $1,300... then bought the top with other peoples money, he should get liquidated it would be funny lol
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Lmaoo that’s an interesting take
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Most people get crushed their first crypto cycle. Michael Saylor is a very wealthy n00b. Nothing against him but in a competition to see how many coins we can get his loss could be our opportunity. We should be ready to pick up what he loses.
Yeah he might get crushed, let’s see!
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He’s not getting crushed. He can afford to add other assets and it’s just not happening. I think many are just making a gig FUD thing over nothing. But if he did get liquidation (he won’t) it would I agree be a nice chunk sold off. But these days the volume can handle it. Would be a dip but not anything serious at all.
Another thing I was going to add to this is there could be such a large line of dominos that can still fall. Mt Gox coins finally coming out supposedly. Then other large holders besides Michael Saylor such as Block One. You never know when Brendon Blumer decides he needs a raise and they sell some of their enormous stack they got during their year long ICO from last cycle. Then you have the potential for a huge inflation bomb from Ethereum stakers. Then you still have people levered out on centralized platforms and on DeFi lending platforms. I'm not going to bet against some hellacious capitulation events still to come. Every cycle I see people jump back in too early.
Also when do Microstrategy investors and the board get sick of his aggressive Bitcoin bet as their core business suffers from recession / depression?
Also what if Coinbase stock tanks so much and revenues get worse and Coinbase declares bankruptcy and Michael Saylor custodied all those coins with him didn't he?
Good luck to him..... I never liked his strategy. There seems to be a lot that could go wrong. I will be there to graciously buy up his failed investment when the time comes.
The crypto market has had a lot of shitty centralized players come in
Time to wipe out all the bad actors. I hope SBF was the last, but you never know
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SBF won't be the last Unfortunately.
There is a one hundred percent chance FTX isn’t the last.
There’s enough volume to handle it. It’s not going to even effect price much if all these things happened same week which they won’t anyway.
I disagree. If all that happens we also have everyone clinch up on buying. People don't have much money to allocate to most of the projects. Half the people in crypto got rugged, scammed, bamboozled.... played themselves...etc. This is my 3rd cycle. I will see those at the finish line that can survive the depression that is coming. Good luck to everyone
Totally disagree. It’s not 2013 or 2017. The volume isn’t going to crash based on this. A small dip maybe but a huge crash not a chance. No way
I think we can go lower for sure. I expect 10K - 14K easy. I’m saying the news of a liquidation or 140K coins coming into market cannot cause a few thousand in dollar terms crash unless we are talking a flash crash for couple hours only. We have much different situation then past few cycles. That’s my main point. If I’m wrong I’m happy. It means I can buy daily for cheap :)
Worried? Why? No there is literally no reason to worry about this. That’s silly.