The crypto community is turning on MicroStrategy and Michael Saylor as Bitcoin struggles below $90,000. Social media is flooded with memes and criticism, reflecting mounting frustration. MicroStrategy’s stock slides alongside Bitcoin, sparking unease. Saylor faces a noticeable shift in public sentiment as skepticism grows. Concerns around leverage and debt-backed strategies intensify.

Critics worry about MicroStrategy’s exposure to interest rates and potential margin stress amid Bitcoin’s stagnant price. The company’s leveraged approach amplifies gains but heightens downside risk. Extreme pessimism and hostility toward the company dominate social media, with fears of overleveraging and market exposure. Market observers note historical trends of market stabilization following extreme negativity.

While MicroStrategy remains steadfast in its approach, the market’s response hinges on Bitcoin’s next move. Despite the backlash, seasoned investors recognize the pattern of extreme pessimism preceding market recoveries. The surge in negativity may signify late sellers exiting positions, potentially paving the way for stabilization. The verdict on MicroStrategy’s strategy ultimately rests on Bitcoin’s future trajectory.

Read more at Yahoo Finance: Volatility’s Cruel Twist or Overleveraged Overreach?