May 13, 2022

Michael Saylor thinks the crypto community is having a reckoning.

In a recent Coin Stories podcast, Michael Saylor commented on the ongoing Luna collapse, bitcoin and the crypto community.

Microstrategy CEO said that the crypto investors are realizing there's a difference between crypto and Bitcoin.

Saylor pointed out how most tokens are just basically security as a small team controls the protocol of each token. 

Saylor defended bitcoin as it is a property and a small group of people can not control it.

Talking about Microstrategy’s futures plans, Saylor said they will continue to accumulate as much bitcoin as possible. 

The public company has the largest bitcoin holding of 129,218 BTC.

Microstrategy stock prices are down nearly 44% in the last five days amid the ongoing crypto market crash.