Michael Saylor fires back after Cramer blames him for Bitcoin crash

cryptonews05:22

Bitcoin has fallen to nearly $59,000 after dropping more than 20% in a week, prompting Michael Saylor to respond publicly after CNBC host Jim Cramer blamed him for the cryptocurrency’s latest selloff....

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2641112837?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-06 05:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2641112837","market":"sg","top_or_hot":-1,"title":"Michael Saylor fires back after Cramer blames him for Bitcoin crash","media":"cryptonews","content":"<div>\n<p>Bitcoin has fallen to nearly $59,000 after dropping more than 20% in a week, prompting Michael Saylor to respond publicly after CNBC host Jim Cramer blamed him for the cryptocurrency’s latest selloff....</p>\n\n<a href=\"https://crypto.news/michael-saylor-fires-back-after-cramer-blames-him-for-bitcoin-crash/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Michael Saylor fires back after Cramer blames him for Bitcoin crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMichael Saylor fires back after Cramer blames him for Bitcoin crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-06 05:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/michael-saylor-fires-back-after-cramer-blames-him-for-bitcoin-crash/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin has fallen to nearly $59,000 after dropping more than 20% in a week, prompting Michael Saylor to respond publicly after CNBC host Jim Cramer blamed him for the cryptocurrency’s latest selloff....</p>\n\n<a href=\"https://crypto.news/michael-saylor-fires-back-after-cramer-blames-him-for-bitcoin-crash/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"APED","symbol_name":"STKd 100% MSTR & 100% COIN ETF","start_time":0,"source_url":"https://crypto.news/michael-saylor-fires-back-after-cramer-blames-him-for-bitcoin-crash/","article_id":"2641112837","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/michael-saylor-fires-back-after-cramer-blames-him-for-bitcoin-crash/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2641112837","pubTimestamp":1780694521,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Bitcoin has fallen to nearly $59,000 after dropping more than 20% in a week, prompting Michael Saylor to respond publicly after CNBC host Jim Cramer blamed him for the cryptocurrency’s latest selloff.Michael Saylor pushed back after Jim Cramer blamed him for Bitcoin’s slide below $60,000 following Strategy’s sale of 32 BTC.CryptoQuant and Citigroup argued that ETF outflows and whale selling have had a much larger impact on Bitcoin than Strategy’s transaction.Grayscale, Peter Schiff, and Charles Schwab analysts focused on Strategy’s funding model and Bitcoin’s longer-term bear market trend.Posting on X as Bitcoin  slid below the $60,000 level, Jim Cramer wrote that “Saylor murdered Bitcoin,” pointing to Strategy’s recent Bitcoin sale and the market’s sharp decline. The comment came after Bitcoin suffered over $450 million in long liquidations and reached its lowest level in almost two years.Citigroup analysts reached a similar conclusion in a recent note. According to the bank, investor","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","APED":"STKd 100% MSTR & 100% COIN ETF","MSTX":"2倍做多MSTR ETF-Defiance","BTC":"Grayscale Bitcoin Mini Trust","MSTY":"MSTR期权收益策略ETF-YieldMax","WNTR":"做空MSTR期权收益策略ETF-YieldMax","MSTZ":"2倍做空MSTR ETF-T-Rex","SMST":"2倍做空MSTR ETF-Defiance","CBOO":"Calamos Bitcoin Structured Alt Protection ETF - October","MSST":"YieldMax MSTR Performance & Distribution Target 25 ETF","09799":"南方两倍做多MSTR-U","BTC.AU":"Btc Health Ltd","CBTY":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - July","MST":"做多杠杆+收益MSTR ETF-Defiance","QBF":"Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly","MSII":"REX MSTR Growth & Income ETF","09399":"XI二南策略-U","BITO":"比特币期货ETF-ProShares","CBXA":"Calamos Bitcoin 90 Series Structured Alt Protection ETF – April","HODL":"比特币ETF-VanEck","09042":"华夏比特币-U","IBIT":"比特币ETF-iShares","07399":"XI二南策略","CBXJ":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - January","3SMI.UK":"GRANITESHARES 3X SHORT MSTR DAILY ETP","09439":"嘉实比特币-U","BFAP":"FT Vest Bitcoin Strategy Floor15 ETF - April","MSDD":"2倍做空MSTR ETF-GraniteShares","BTCO":"比特币ETF-Invesco Galaxy","03042":"华夏比特币","MSTY.UK":"YIELDMAX MSTR OPTION INCOME STRATEGY ETC","MSTW":"Roundhill MSTR WeeklyPay ETF","MSTP":"2倍做多MSTR ETF-GraniteShares","SBIT":"2倍做空比特币期货ETF-Proshares","SMI3.UK":"GRANITESHARES 3X SHORT MSTR DAILY ETP","MSTR":"Strategy","03008":"博时比特币","MSOO":"2倍上限加速MSTR ETF-Leverage Shares","CBXO":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - October","07799":"南方两倍做多MSTR","MSTK":"Tuttle Capital MSTR 0DTE Covered Call ETF","3LMI.UK":"GRANITESHARES 3X LONG MSTR DAILY ETP","MTYY":"GraniteShares YieldBOOST MSTR ETF","MSTU":"2倍做多MSTR ETF-T-Rex","03439":"嘉实比特币","IMST":"MSTR期权收益策略ETF-Bitwise","09008":"博时比特币-U","LMI3.UK":"GRANITESHARES 3X LONG MSTR DAILY ETP"},"translate_title":"克莱默将比特币事故归咎于迈克尔·塞勒后，迈克尔·塞勒进行了反击","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"CBXJ":0.6,"MSII":0.6,"MSTP":0.6,"3SMI.UK":0.6,"MSTU":0.6,"BTC":1,"MSTY":0.6,"MSDD":0.6,"APED":0.6,"SBIT":0.6,"CBTY":0.6,"09439":1.5,"LMI3.UK":0.6,"BTC.AU":1,"IBIT":1.5,"03008":0.9,"07399":0.6,"03042":0.9,"BFAP":0.6,"MSST":0.6,"MSTK":0.6,"CBXA":0.6,"09042":1.5,"MSTR":0.9,"03439":0.9,"HODL":0.6,"MSTY.UK":0.6,"09008":1.5,"MSTZ":0.6,"MSOO":0.6,"BTCO":0.6,"MSTW":0.6,"CBXO":0.6,"MST":0.6,"QBF":0.6,"07799":0.6,"3LMI.UK":0.6,"WNTR":0.6,"SMI3.UK":0.6,"09399":0.6,"SMST":0.6,"MTYY":0.6,"09799":0.6,"CBOO":0.6,"IMST":0.6,"MSTX":0.6,"BITO":0.6},"content_text":"Bitcoin has fallen to nearly $59,000 after dropping more than 20% in a week, prompting Michael Saylor to respond publicly after CNBC host Jim Cramer blamed him for the cryptocurrency’s latest selloff.\n\n\nSummary\n\n\n\nMichael Saylor pushed back after Jim Cramer blamed him for Bitcoin’s slide below $60,000 following Strategy’s sale of 32 BTC.\nCryptoQuant and Citigroup argued that ETF outflows and whale selling have had a much larger impact on Bitcoin than Strategy’s transaction.\nGrayscale, Peter Schiff, and Charles Schwab analysts focused on Strategy’s funding model and Bitcoin’s longer-term bear market trend.\n\n\n\nPosting on X as Bitcoin (BTC) slid below the $60,000 level, Jim Cramer wrote that “Saylor murdered Bitcoin,” pointing to Strategy’s recent Bitcoin sale and the market’s sharp decline. The comment came after Bitcoin suffered over $450 million in long liquidations and reached its lowest level in almost two years.\nResponding shortly afterward, Strategy Executive Chairman Michael Saylor dismissed the accusation, writing that the decline was “just a flesh wound.”\n\nSaylor murdered Bitcoin https://t.co/VsSqHZTqQN— Jim Cramer (@jimcramer) June 5, 2026\n\nStrategy disclosed earlier this week that it sold 32 BTC after trading opened on Monday. Although the transaction represented only a tiny fraction of the company’s Bitcoin holdings, the move attracted attention because Saylor has spent years publicly advocating a buy-and-hold approach toward the asset. Bitcoin and Strategy shares both came under pressure following the disclosure.\nAs reported earlier by crypto.news, Cramer argued that the sale altered investor perceptions of Bitcoin’s previous rally. According to his remarks, many traders had viewed Strategy’s aggressive accumulation program as an important source of support for the market.\nHe described the company as a key factor behind Bitcoin’s rise, while stopping short of calling the situation market manipulation.\nETF outflows have drawn scrutiny from analysts\nSeveral market observers pushed back against the idea that Strategy’s sale was responsible for Bitcoin’s decline.\nCryptoQuant CEO Ki Young Ju argued that focusing on Saylor overlooks much larger selling activity from long-term Bitcoin holders. \n\n“Can we really compare the 1.24M BTC that OG whales sold to Saylor and ETFs over the past two years with the 32 BTC Saylor sold?”\n\nJu added that Bitcoin would likely be trading at lower levels today without purchases from Strategy and spot Bitcoin ETFs.\nWhile Ju rejected claims that Saylor caused the downturn, he said he remained open to evidence-based analysis challenging his view. In his assessment, blaming Strategy for Bitcoin’s collapse was unsupported by available market data.\nCitigroup analysts reached a similar conclusion in a recent note. According to the bank, investors may be paying too much attention to Strategy’s sale while overlooking persistent withdrawals from U.S. spot Bitcoin exchange-traded funds.\nData from SoSoValue showed spot Bitcoin ETFs recorded $2.43 billion in net outflows during May. Another $1.40 billion left the funds during the first three days of June. Citigroup said ETF demand remains one of the most important drivers of Bitcoin prices and suggested those outflows have had a much larger impact on market performance.\nSource: SoSoValue\nConcerns remain around Strategy’s funding model\nElsewhere, some analysts focused less on the sale itself and more on what it could signal about Strategy’s future.\nEconomist Peter Schiff argued that Strategy’s Bitcoin treasury model depends heavily on its ability to continue raising capital through equity markets. According to Schiff, the company could face increasing pressure if MSTR shares lose their premium and make future fundraising more difficult.\nA separate report from Grayscale Research also highlighted potential funding challenges. Grayscale said declining prices for MSTR and STRC shares could make it harder for Strategy to expand its Bitcoin holdings. The firm added that if STRC trades below its intended level, Strategy may need to increase dividend payments, raising cash obligations and potentially increasing the likelihood of future Bitcoin sales.\nDespite those concerns, Grayscale said a reduction in Bitcoin concentrated on highly leveraged corporate balance sheets could benefit the market over time by spreading ownership across more treasury companies.\nMeanwhile, Charles Schwab Director of Digital Currencies Research and Strategy Jim Ferraioli argued that the market may be searching for a simple explanation for a trend that began months ago.\nAccording to Ferraioli, Bitcoin has been in a bear market since October 2025, when it reached nearly $126,000 before entering a prolonged decline.\nFerraioli said Bitcoin’s weakness stems primarily from the loss of momentum that previously attracted capital into the asset. Because Strategy’s sale occurred near the end of an eight-month downtrend, he argued it is difficult to identify the transaction as the main cause of Bitcoin’s latest losses.\n\n\n\n\n\n                Read more:\n            \n\n                Crypto treasury boom splits as HYPE holders escape worst losses","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2641112837","isCrawlerRequest":true}