Michael Saylor’s $10 Million Bitcoin Assertion Faces Criticism

• Michael Saylor’s claim that Bitcoin could reach $10 million has generated backlash.
• This comes as his company’s losses increase alongside dropping Bitcoin prices.
• The possibility of Saylor selling Bitcoin remains open.

The executive chairman of a Bitcoin-centric firm is experiencing heightened criticism after stating that if everyone agreed with him, Bitcoin’s value would soar to $10 million “tomorrow.”

His firm has seen significant declines in its Bitcoin holdings, facing billions in unrealized losses, while its stock price continues to plummet.

These recent comments, made in a video, have led to considerable pushback as the disconnect between Saylor’s bullish Bitcoin predictions and his company’s financial struggles intensifies.

During the video, Saylor characterized Bitcoin’s price swings as beneficial for dedicated investors, suggesting they deter short-term speculators.

“Volatility is a gift for believers,” he remarked, saying that abrupt price changes repel “tourists” and those not willing to invest time in understanding Bitcoin.

He further indicated that Bitcoin’s potential has been stifled by a lack of consensus among investors.

“If everyone shared my knowledge and perspective, Bitcoin could be worth $10 million tomorrow,” he asserted.

Saylor also warned that such a rapid increase in price might disadvantage long-term investors by eliminating chances to acquire Bitcoin at lower values.

“Consider how you’re feeling and how your audience is feeling. You could be missing out on 20 years of opportunities to buy under $10 million,” he advised.

His statements triggered a wave of criticism online, as users scrutinized his reasoning amid Bitcoin’s continuing decline.

One sarcastic response suggested that if everyone subscribed to one’s viewpoint, they’d be worth even more. Another compared Bitcoin to historical speculative bubbles, remarking, “Sad for his followers. At least tulips are pretty.”

Additional critics pointed out various technical and economic issues linked to Bitcoin.

One user claimed Saylor overlooked factors like uncompetitive energy costs and increasing centralization. Another simply called him “the most insufferable person on the planet right now.”

This backlash occurs as the firm grapples with financial pressures due to the recent dip in Bitcoin prices, even as it continues purchasing the cryptocurrency.

Earlier this week, the company announced the acquisition of 855 Bitcoins for around $75.3 million, averaging about $87,974 per coin, according to official filings.

Currently, the firm holds 713,502 Bitcoins at an average cost of $76,052 each, totaling around $54.3 billion. Yet, with current prices hovering around $70,800, these assets amount to about $50.5 billion, indicating unrealized losses exceeding $3.7 billion.

Just months prior, the firm’s Bitcoin assets reached a peak valuation of nearly $33 billion.

Meanwhile, the company’s stock continues to decline, dropping approximately 3% recently and now standing over 70% below its highs from July 2025.

Amid all this, questions about whether Saylor and his firm might be compelled to sell Bitcoin are surfacing. This scrutiny has escalated following remarks from the CEO suggesting that sales might be necessary if the company’s shares fall beneath the value of its assets.

Saylor mentioned that the firm would only consider selling Bitcoin or related products if their net asset value drops below 1, which is the sole trigger for a forced sale.

As of now, the net asset value sits at 1.14.