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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's biggest U-turn yet, 'You don't need Bitcoin'

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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Other articles published on Jun 14, 2025