Is Michael Saylor Really Holding Strong, or Is He Just Playing Us?

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In a world where every drop of digital currency is treated like a drop of blood, Eric Balchunas, the self-proclaimed ETF oracle from Bloomberg, stands firm in his belief: Michael Saylor, the man who seems to have more Bitcoin than a small country’s GDP, will not sell. Not now, not ever. At least that’s what he says. And isn’t that just precious?

Bitcoin ETFs have eked out positive inflows past month and YTD and $IBIT is +2.4b YTD (Top 1%). Impressive and IMO helps explain why btc’s price has been relatively stable: bc it’s owners are more stable! For the past 15mo the ETFs and Saylor have been buying up all ‘dumps’ from…

— Eric Balchunas (@EricBalchunas) April 16, 2025

Ah yes, Saylor has made it clear, time and time again, that his company—Strategy—would never dare to sell their golden Bitcoins, even as they were bathing in massive paper profits earlier this year, when Bitcoin shot past the $100,000 mark like a rocket. In fact, the man himself once said that if they ever sold, the community would *never forgive* them. Now that’s loyalty, or at least, a good marketing tactic.

You do not sell your #Bitcoin.

— Michael Saylor (@saylor) January 11, 2024

But then again, who can really trust a billionaire who owns more Bitcoin than most of us could dream of? There’s a dark, nagging whisper creeping into the conversation, carried by those with too much time on their hands—what if Saylor does sell? Could it be possible, despite all his heartwarming assurances? Could the man with the perfect plan suddenly blink? According to Quartz (they like to dig up the juicy stuff), a recent regulatory filing suggests that Saylor’s company might, in fact, need to part with some of its holdings to meet financial obligations. Shocking, right?

And then, of course, we have Balchunas and his deep wisdom of the ETF realm. He tells us that ETF investors are, in fact, not as frail as they appear. No, these are strong hands. The kind of hands that would make a rock jealous. Apparently, this stable, secure “strength” is why Bitcoin hasn’t plunged into the abyss despite the stock market going through what can only be described as a cataclysmic meltdown.

So, despite all the noise and panic, Bitcoin hovers valiantly above $80,000, like an unshakable fortress. Perhaps it’s not the crypto gods that are keeping it up, but the strong, steady hands of its owners—or at least that’s what the theory goes. Either way, volatility seems to have taken a vacation, and who wouldn’t welcome that?

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2025-04-17 11:52