MicroStrategy's Saylor Mocks WSJ as Bitcoin Hits New Record High

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aclib.runAutoTag({ // zoneId: 'knvqv7rqfu', // }); </script> <div class="views-row"> <div class="article"> <h1 class="article__title" data-title='MicroStrategy's Saylor Mocks WSJ as Bitcoin Hits New Record High , Category: News ,Author: Alex Dovbnya , Date: 07 Nov 2024 , Week: 45' data-url="/microstrategys-saylor-mocks-wsj-as-bitcoin-hits-new-record-high" >MicroStrategy's Saylor Mocks WSJ as Bitcoin Hits New Record High</h1> <div class="something"> <div class="something__title">Advertisement</div> <div class="something__nav"> <button class="btn btn--light something__close" aria-label="Close ad"></button> </div> <div class="something__content"> <div id="bsa-zone_1732616238364-0_123456"></div> </div> </div> <div class="share article__share"> <a class="share__link share__link--x" href="#" title="Share to X" 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Sharing", "width=1200,height=600");return false;'></a> <a class="share__link share__link--tg" href="#" onclick='gEvent("telegram","shareTop");window.open("https://telegram.me/share/url?url=https://u.today/microstrategys-saylor-mocks-wsj-as-bitcoin-hits-new-record-high&text=MicroStrategy's Saylor Mocks WSJ as Bitcoin Hits New Record High")' title="Share to Telegram"></a> <button aria-label="Copy link" class="btn--light share__link share__link--copy" onclick='gEvent("copy","shareTop");copyToClipboard(this)'></button> </div> <div class="article__author"><a class="article__author-user" href="/alex-dovbnya"> <img width="224" height="140" alt="article image" src="https://u.today/sites/default/files/2019-11/alex-m-ava.jpg" class="article__author-img" /> <div class="article__author-name">Alex Dovbnya</div> </a> <div class="article__author-desc">MicroStrategy's Saylor has recalled a doom-laden article from 2025 </div> </div> <div class="article__wrap"> <div class="article__sticky"> <div 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href="/latest-cryptocurrency-news" hreflang="en">News</a> </div> </div> <div class="humble article__short-humble"> Thu, 7/11/2024 - 19:46 </div> </div> <div class="article__main-btns"> <div class="article__fontSize"> <div class="btn--light article__fontSize-toggle"></div> <div class="article__fontSize-menu"> <div class="article__fontSize-item"> <div class="article__fontSize-btn" data-size="article-small"></div> </div> <div class="article__fontSize-item"> <div class="article__fontSize-btn" data-size="article-medium"></div> </div> <div class="article__fontSize-item"> <div class="article__fontSize-btn" data-size="article-large"></div> </div> </div> </div> <div class="article__listen"> <audio class="article__listen-audio" src="/tts/?page=59517" preload="none"></audio> <button class="btn--light article__listen-btn" aria-label="Play/pause audio"></button> </div> </div> </div> <div class="article__img--wrap"> <img class="article__img" src="/sites/default/files/styles/736/public/2024-11/52035_1.jpg" alt="MicroStrategy's Saylor Mocks WSJ as Bitcoin Hits New Record High"> </div> <figcaption>Cover image via <a href="/">U.Today</a></figcaption> </div> <div class="article__gnews"> <a class="article__gnews-body" href="https://news.google.com/publications/CAAqBwgKMMy2lQsw3ZqrAw?hl=en-US&gl=US&ceid=US:en" target="_blank"> <div class="article__gnews-text">Read U.TODAY on</div> <div class="article__gnews-title">Google News</div> </a> </div> <div class="article__content"> <p dir="ltr">MicroStrategy co-founder Michael Saylor has <a rel="nofollow" target="_blank" href="https://x.com/saylor/status/1854584265675358458"><u>reacted</u></a> to Bitcoin hitting yet another record high by taking a jab at The Wall Street Journal (WSJ) in his recent social media post.</p><div class="something"> <div class="something__title">Advertisement</div> <div class="something__nav"> <button class="btn btn--light something__close" aria-label="Close ad"></button> </div> <div class="something__content"> <div id="bsa-zone_1732620947443-4_123456"></div> </div> </div><p dir="ltr">Saylor has recalled the infamous Wall Street Journal article about how he "bet billions on Bitcoin and lost." </p><p dir="ltr">The doom-laden article, which was published in August 2022, came out after Saylor left his CEO role. The company's shares were down nearly 50% on a year-to-date basis back then after it reported a painful $1.44 billion loss. </p><div class="hot"> <div class="hot__head"> <div class="hot__title">HOT Stories</div> <a rel="nofollow" target="_blank" class="btn btn--light hot__btn" href="/hot-stories" title="Go to Hot stories"> </a> </div> <div class="hot__body"> <a href="https://u.today/xrp-surpasses-bnb-amid-relentless-rally" class="hot__col"> <div class="hot__col-name">XRP Surpasses BNB Amid Relentless Rally </div> </a> <a href="https://u.today/craig-wright-blocked-from-appealing-copa-case" class="hot__col"> <div class="hot__col-name">Craig Wright Blocked From Appealing COPA Case</div> </a> <a href="https://u.today/algorand-skyrockets-27-as-bullish-golden-cross-sparks-rally" class="hot__col"> <div class="hot__col-name">Algorand Skyrockets 27% as Bullish Golden Cross Sparks Rally</div> </a> <a href="https://u.today/bitcoin-outperforms-crude-oil-bloombergs-mike-mcglone-says-heres-what-happening" class="hot__col"> <div class="hot__col-name">Bitcoin Outperforms Crude Oil, Bloomberg's Mike McGlone Says – Here’s What’s Happening</div> </a> </div> </div><p dir="ltr">An analyst quoted by the WSJ predicted that MicroStrategy might end up struggling to repay its creditors. </p><div class="something"> <div class="something__title">Advertisement</div> <div class="something__nav"> <button class="btn btn--light something__close" aria-label="Close ad"></button> </div> <div class="something__content"> <div class="something__content--long">  <ins class="adsbygoogle" style="display:inline-block;width:728px;height:200px" data-ad-client="ca-pub-9245916885225528" data-ad-slot="3561648781"></ins> </div> <div class="something__content--square">  <ins class="adsbygoogle" style="display:inline-block;width:300px;height:600px" data-ad-client="ca-pub-9245916885225528" data-ad-slot="2056995427"></ins> </div> </div> </div><p dir="ltr"><div class="article__related"> <div class="article__related-flame">Related</div> <div class="category-item"><a class="category-item__img-wrapper" href="https://u.today/bitcoin-btc-should-top-at-150k-in-september-brandt-predicts"><img alt="Bitcoin (BTC) Should Top at $150K in September, Brandt Predicts" class="category-item__img" src="https://u.today/sites/default/files/styles/300/public/2024-11/s3494_0.jpg" width="240" height="136"></a> <div class="category-item__info"> <div class="category-item__head humble__row"> <div class="humble humble--time">Thu, 11/07/2024 - 05:18</div> </div><a class="category-item__title-link" href="https://u.today/bitcoin-btc-should-top-at-150k-in-september-brandt-predicts"> <div class="category-item__title">Bitcoin (BTC) Should Top at $150K in September, Brandt Predicts</div></a> <div class="category-item__footer"><a class="humble humble--author" href="/alex-dovbnya"><img class="humble__img" src="https://u.today/sites/default/files/styles/130x/public/2021-07/8888.jpg" alt="Alex Dovbnya">Alex Dovbnya</a></div> </div> </div> </div></p><p dir="ltr">Back then, Bitcoin was changing hands at just $20,000. Later that year, the leading cryptocurrency ended up plunging to as low as $16,000 during the FTX crisis. </p><p dir="ltr">The WSJ is not the only media outlet that was bearish on MicroStrategy. In August 2022, Fortune wrote that Saylor's audacious Bitcoin bet might sink him "once and for all."</p><p dir="ltr">The businessman, who founded MicroStrategy at the age of 24, is no stranger to setbacks. Of course, he famously lost as much as $6 billion in a single day in 2000 after the MicroStrategy stock plunged due to accounting issues.</p><p dir="ltr">However, Saylor was obviously playing the long game with Bitcoin. In 2024, the cryptocurrency is already up more than 80% on a year-to-date basis. Meanwhile, the MicroStrategy (MSTR) stock has outperformed Bitcoin, surging by more than 300% over the aforementioned period of time.</p><p dir="ltr">As <a href="https://u.today/microstrategy-plans-to-buy-42-billion-worth-of-bitcoin"><u>reported by U.Today</u></a>, the business intelligence firm intends to purchase $42 billion worth of Bitcoin in the future.</p><p dir="ltr">Earlier today, Bitcoin hit a new record high of $76,677. </p> </div> <div class="article__panel"> <div class="article__tags btns-spacer"> <a class="btn btn--hash-tag" href="/bitcoin-price-prediction">#Bitcoin Price Prediction</a> </div> </div> </div> </div> <div class="article__author -hr-"> <div class="article__author-label">About the author</div> <a class="article__author-user" href="/alex-dovbnya"> <img width="224" height="140" alt="article image" src="https://u.today/sites/default/files/2019-11/alex-m-ava.jpg" loading="lazy" class="article__author-img" /> <div class="article__author-name">Alex Dovbnya</div> </a> <div class="article__author-desc"><p>Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. 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