Michael Saylor Slams Bitcoin Critics on ‘Epstein FUD,’ Calls it a ‘Non-Issue’ as Strategy Stock Plummets

Michael Saylor is tired of the flavor of the week fear-mongering. The founder of Strategy MSTR -5.60% ▼ recently addressed the negativity surrounding Bitcoin (BTC-USD), ranging from technical threats like quantum computing to personal attacks involving the Jeffrey Epstein files aimed at Core developers. To Saylor, these are just distractions designed to mask a classic market cycle.

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Meanwhile, his company is feeling the heat in the real world. Shares of Strategy have plunged today, sliding to $123.71 as Bitcoin’s price dropped below the critical $63,000 mark.

Saylor Dismisses the “Non-Issue” Narratives

During a recent appearance on the Coin Stories podcast, Saylor was blunt about the shifting nature of the “FUD” (fear, uncertainty, and doubt) used to target the network. He argued that as old fears lose their teeth, critics simply invent new ones to keep the panic alive.

He said: “It’s a non-issue. I guess they were getting tired of the quantum FUD and they moved on to the Epstein FUD.”

Saylor explained that quantum computing is likely a decade away from being a real threat. He noted that by the time it arrives, the entire world’s financial and defense systems will have already upgraded to new security, and Bitcoin will simply evolve alongside them. He views the recent attempts to link developers to the Epstein files in the same light as a desperate attempt to derail a network that has survived every prior “existential” crisis.

Saylor Believes the Crypto Market Cycles Are Getting Calmer

Despite the record $3.2 billion loss recorded on Feb. 5, an event that saw Bitcoin plunge $10,000 in a single day, Saylor believes the cycles are actually getting calmer. In the past, Bitcoin often crashed by 80%. He credits the shift to regulated U.S. markets for compressing these drops into the 40% to 50% range.

The main remaining hurdle is shadow banking. Because traditional banks still refuse to offer credit against Bitcoin, some investors are forced into risky lending structures. These can fail during periods of stress, creating the artificial selling pressure seen during the recent dip to $62,000.

At the time of writing, Bitcoin is sitting at $62,949.38.

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