Michael Saylor Breaks Silence As Jim Cramer Says He “Murdered” Bitcoin

Bitcoin advocate and Strategy Executive Chairman Michael Saylor has responded to Jim Cramer blaming him for the recent BTC selloff. His comments coincided with Bitcoin slumping to $59,000, the lowest level in nearly two years.

Michael Saylor Responds To Jim Cramer’s Allegations

On X, Cramer posted that “Saylor murdered Bitcoin.”as the BTC price tumbled. For context, Bitcoin broke down from the $60,000 level during Friday’s trading session. The BTC price has declined by over 7% in the last 24 hours. Moreover, it has lost almost 20% in the past seven days, triggering billions in long liquidations.

However, Saylor immediately brushed aside the claim with a quick response. He wrote, “It’s just a flesh wound, Jim.”

The topic also picked up steam as other industry participants weighed in. CryptoQuant CEO Ki Young Ju offered his remarks as he backed Michael Saylor.

It’s just a flesh wound, Jim.

— Michael Saylor (@saylor) June 5, 2026

He stated that Saylor’s role in Bicoin’s sell-off is neglecting the bigger picture of the market that has been driving price action throughout the last two years.

Are Early BTC Whales Responsible For The Downturn?

“Criticism over Bitcoin’s price decline should be directed more at OG whales than at Saylor,” Ju said. He noted that there were big waves of Bitcoin selloffs by early investors. Thus, he wondered why they should be treated as equivalent to Saylor’s relatively small amount of Strategy’s 32 BTC sale.

He questioned, “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?”

Ju also contended that aggressive institutional accumulation by Saylor and spot ETFs could have supported the Bitcoin upside in the past. He said the increasing demand absorbed a large amount of the supply that has flooded the market.

“Bitcoin is much higher today because of Saylor’s buying. The market should give him more credit,” Ju said.

Ju said that he didn’t believe Michael Saylor was the only one to blame for the poor performance of Bitcoin. He added that the “death spiral” narrative seemed to be overdone. He added that he is open to “well-researched, data-driven analysis” if there is something to it that questions his judgment.

Ju concluded, “I don’t see Saylor as a hero. But saying ‘Saylor murdered Bitcoin’ is wrong from any angle.”

Meanwhile, Citigroup analysts recently attributed the Bitcoin price crash to massive outflows from the spot BTC ETFs. They also noted that Strategy’s Bitcoin sale didn’t have much impact on the market.