Michael Saylor has issued a simple yet symbolic message to the Bitcoin community amid today’s deep market sell-off.
In a tweet, he shared an image of himself escaping the Titanic in a lifeboat and captioned it with one word: “HODL,” aka “Hold on for Dear Life.”
The timing of his message coincides with Bitcoin’s ongoing downturn amid heightened fear across the crypto market.
Bitcoin Falls to $94K, Lowest Since May
Bitcoin has now touched lows of $94,500 at press time, marking its lowest price since May and extending a month-long downtrend. The move pushed BTC more than 7% lower in 24 hours. The crypto firstborn is now trading 24.4% below its October peak.
Amid the volatility, more than 280,700 leveraged traders suffered liquidation that wiped out over $1.39 billion in positions. Altcoins followed the same trend, with Ethereum, Solana, and XRP all posting significant declines.
MicroStrategy Stock Drops 7% as BTC Slides
The crash also weighed heavily on MicroStrategy (MSTR), the world’s largest corporate Bitcoin holder. MSTR stock dropped over 7%, falling to $208 as markets absorbed the combined pressure of Bitcoin’s decline and risk-off sentiment across tech and crypto equities.
The company currently holds 641,692 BTC, worth $60.98 billion at today’s prices. Notably, as of November 1, MicroStrategy’s Bitcoin portfolio was worth over $70 billion.
In other words, Saylor’s post is urging investors to remain steadfast as the market navigates a rocky path with hopes of better days ahead.
Other industry figures are also encouraging investors to look beyond the ongoing dip. Addressing market anxiety, Binance founder Changpeng Zhao reminded traders that downturns are cyclical, noting:
“Every dip, some people think it’s the end of time. Time continues.”
Peter Schiff Reacts
Meanwhile, responding to Saylor’s call to hold BTC, renowned critic Peter Schiff remarked that unless one intends to HODL on a sinking Titanic, it’s wiser to jump ship before it goes down for good.
Except you are HODLing on the Titanic. Better to jump ship before it goes down for good.
— Peter Schiff (@PeterSchiff) November 14, 2025
Interestingly, just yesterday, Schiff warned that BTC holders risk severe losses if Bitcoin breaks below the “critical” $100,000 level, arguing that the “time to get out is running out fast” and that a decisive drop could trigger a market “implosion.”
He urged investors to move into gold, calling Bitcoin “fool’s gold.”
As usual, Schiff’s pessimistic outlook drew ridicule from the crypto community. Bitcoin supporters often note that he issued similar warnings when the asset traded at $100, $1,000, and $10,000, each time ultimately proving him wrong.
However, while a dip below $100K is ongoing, optimism remains high for a rebound soon.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
