Rumor About Michael Saylor Caused The Last Dump In Bitcoin (BTC)?

Extremely quiet due to the Christmas holidays in Europe and the USA Bitcoin (BTC), experienced a small dump with a sudden decrease.

Could The Claim About Michael Saylor On Twitter Have Dropped Bitcoin?

However, it was noteworthy that the dump event in question was a last-minute rumor written by an anti-cryptocurrency Twitter account. Bitcoin bull Michael Saylor is later in talks with his lawyers for a liquidation that will buy back 182,000 BTC, @WhaleChart account claims.

The account in question shared the claim as follows:

“LAST MINUTE: Saylor is in talks with lawyers for liquidation in the form of buyback up to 182k BTC market cap. OTC negotiations are currently ongoing.

My sources are reliable people who make such OTC deals. We don’t know yet if any deals will happen.”

BREAKING: Saylor is in talks with lawyers to liquidate in the form of a buy back up to 182k btc in market value. OTC negotiations are already ongoing.

— whalechart.org 🐳 (@WhaleChart) December 27, 2022

However, the source of the disputed claim is basing its claim on its own sources, which it says mediate over-the-counter (OTC) deals. In other words, it can be said that the claim has not been verified from a reliable source for now.

When Saylor’s Twitter account is examined, it is seen that he has not yet made a statement on the subject and that he has made many BTC-themed posts during the day.

In March 2000, the US Securities and Exchange Commission (SEC) filed a criminal complaint against Saylor and two other MicroStrategy executives for misreporting the company’s financial results for the previous two years.

In December 2000, Saylor pleaded guilty with the SEC, paying $350,000 in fines and $8.3 million in personal damages. As a result of the restatement of results, the company’s stock dropped in value and Saylor’s net worth fell by $6 billion.

*Not investment advice.