Monday, May 16, 2022
Home Crypto News Market Michael Saylor To Elon Musk Twitter Buying: "if You Can't Buy All...

Michael Saylor To Elon Musk Twitter Buying: “if You Can’t Buy All of Twitter, Buy A fraction of Bitcoin”

- Advertisement -
Follow-Us-On-Google-News

 

Michael Saylor Advices Elon Musk to Purchase Fractions of Bitcoin (BTC) Instead of Twitter.


 

Several social media users have responded to reports of Elon Musk’s move to purchase Twitter, the popular microblogging platform, for over $40 billion.   

With many comments being made about the move, Michael Saylor, the CEO and founder of MicroStrategy, has also weighed in on the recent development. 

Saylor, a popular Bitcoin proponent, took to Twitter to urge the owner of the American electric car company to consider buying fractions of the world’s largest cryptocurrency by market capitalization if his offer to purchase Twitter is rejected. 

“lf you can’t buy all of @twitter you can still buy a fraction of #bitcoin,” Saylor tweeted

 

Musk Offers to Buy Twitter

Recall that earlier today, Musk disclosed that he made an offer to buy Twitter for $41.39 billion. According to his offering, he is willing to pay $54.20 per share of Twitter less than a week after his stake in the company was announced

 

“I invested in Twitter as I believe in its potential to be a platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk said in a letter to Twitter chairman Bret Taylor. 

In his most recent offering, Musk noted that since investing in Twitter, he has come to the conclusion that the company will not achieve its societal goals in its current state. 

He declared his willingness to take the company private if his offer of $41.39 billion is granted. 

Musk said he sees the offer as his best and final move, adding that if it is not granted, he will be forced to reconsider his position as a stakeholder. 

Saylor Promoting Bitcoin Adoption

Meanwhile, Saylor has been one of the pioneers of Bitcoin adoption, calling on the world to buy the cryptocurrency as he considers the asset class as a hedge against inflation. 

Saylor recently noted that Bitcoin will reimburse people who were robbed by inflation, a call to people who are still relying on the traditional financial system. 

 

- Advertisement -

Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Top Hedge Fund Manager Who Warned Investors, Says Terra’s Project Was Destined to Fail Due To High Yield

The hedge fund manager said Terra failed because the system was designed to enrich investors and the team. ...

SHIB Army Burns 449.98 Million Shiba Inu In 24 Hours, 2.17 Billion In A Week

2.17 Billion Shiba Inu (SHIB) Burnt within the Last 7 Days and 449.98 Million During Last 24 Hours. ...

Ethereum Founder Vitalik Buterin “Strongly Agrees” With Terra’s Plan to Compensate Small TerraUSD (UST) Investors Over Rich Ones 

The Ethereum creator believes that a plan to focus more on compensating small investors is a good hybrid formula. ...

Ethereum Founder Sends 500 ETH To Dogecoin Foundation

Ethereum Founder Sends 500 ETH To Dogecoin Foundation. It’s not always that Vitalik Buterin sends funds to support other crypto projects. However, he appears to...

Binance CEO Says Buy Back Or Burn Terra (LUNA) To Create Value, Confirms Exchange Doesn’t Hold UST

Binance CEO Says The Exchange Doesn’t Hold Any UST and Terra team should Burn LUNA to help price recover. ...

Top DeFi Coins Ready to Explode: Chainlink (LINK), Fantom (FTM), and Logarithmic Finance (LOG)

DeFi is rapidly surpassing conventional banking as an innovative application, and the expansion in the future years will be unparalleled. From pioneering borderless payment to...

Can Calyx Token (CLX) Empower the DeFi Space as Tron (TRX) Empowers the DApps Community?

DeFi tokens are taking over the market in the world of digital currencies due to their ability to be swapped or traded for other...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.