Fear and loathing come for bitcoin as big investors ponder selling

Never sell your bitcoin. That was Michael Saylor’s advice in February as the price of the world’s most popular cryptocurrency soared.

Saylor’s business, Strategy, was arguably at the centre of the market rally, accumulating more than $US100 billion ($152 billion) in bitcoin holdings. Originally known as MicroStrategy and specialising in data mining, Saylor had pivoted the business entirely into bitcoin as the digital currency’s popularity grew. By July, it was worth around $US125 billion.

Source: https://www.afr.com/markets/currencies/fear-and-loathing-comes-for-bitcoin-as-big-investors-ponder-selling-20251202-p5nk12