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Michael A. Gayed questions the perception of Bitcoin as a store of value, especially in light of significant price declines.
He asks whether people realized Bitcoin’s shortcomings before or after experiencing a 50 percent loss, highlighting skepticism about the cryptocurrency’s ability to maintain long-term value.
Gayed previously apologized for an earlier Bitcoin margin call remark about Saylor and said he would provide a detailed thread analysis in a prior article. He has also recently noted a pronounced reversal in market sentiment as the S&P 500 dropped 1.25% and the VIX rose over 12% in a separate post. These observations follow his ongoing commentary on significant market movements.