The Latest Breaking News from Michael Saylor

MicroStrategy's Michael Saylor has once again stirred the Bitcoin community with his latest post stating that BTC is a city, but the statement has raised the topic of high "rent" that may have become too high for small Bitcoin holders post-halving.

Michael Saylor believes Bitcoin is refreshing, but some crypto users are increasingly becoming frustrated over the tech mogul's optimism, arguing that the digital asset's price has been down significantly from its $73,000 all-time high in March.

Bitcoin has only fallen further as the digital currency is only two days away from its much-anticipated halving event, and Ether wasn't spared either, dropping below $3,000 Wednesday.

MicroStrategy's Saylor is still optimistic of Bitcoin even as its price has been down since the weekend, but will "elevating" one's mindset be enough to erase price-related fears?

The Bitcoin community is calling on Michael Saylor, a known Bitcoin maximalist and a legend to many in the community due to the success of his company's BTC strategy, to pump up the digital asset's price as it has shed $10,000 since hitting an all-time high of $73,000 last month.

Bitcoin whales are amassing more of the digital asset even as the world's first decentralized cryptocurrency saw a sharp drop from its all-time high of $73,000 in March.

Bitcoin has dropped significantly since the weekend and has yet to bounce back, but Kraken and Coinbase are rallying behind the world's largest cryptocurrency, releasing ads that encourage consumers to trade the struggling digital coin.

MicroStrategy stock has crushed broader market returns in the last five years, ever since the software company began accumulating the digital asset on its balance sheet.

Saylor has been known for his short but powerful statements on X regarding Bitcoin, but this time, he is under fire for a remark that X users say shouldn't have been made at such a time.