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Cryptocurrency News Articles
Michael Saylor's biggest U-turn yet, 'You don't need Bitcoin'
Jun 13, 2025 at 01:04 am
Elon Musk's Tesla (Nasdaq: TSLA) comes a close second, holding 11509 BTC worth $1.2 billion.
Michael Saylor, known for his ardent advocacy of Bitcoin, appeared to make an unexpected U-turn in a recent post on X.
Elon Musk's Tesla (TSLA) closely follows with 11,509 BTC valued at $1.2 billion.
If you have everything—you don’t need Bitcoin.
If you don’t have Bitcoin—you don’t have anything.
— Michael Saylor (@saylor) June 12, 2025
The post drew varied responses from the crypto community. CoinStats quipped, If you have Bitcoin—you already have everything.
If you have Bitcoin—you already have everything.
— CoinStats (@CoinStats) June 12, 2025
Another user, @dscompounding, added, If you have everything, Bitcoin is your hedge against losing it all.
If you have everything, Bitcoin is your hedge against losing it all.
— D.S. (Dan) (@dscompounding) June 12, 2025
One X user took a jab at the retail traders, saying, Only broke ppl still talking bout Bitcoin in 2025.
As per Kraken, Bitcoin was trading at $106,845.40 at press time, showcasing an increase of over 1,100% in the last five years.
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