Beautiful Virgin Islands

Monday, Sep 15, 2025

How Elon Musk, Michael Saylor, Peter Schiff etc. React to Bitcoin’s Correction

How Elon Musk, Michael Saylor, Peter Schiff etc. React to Bitcoin’s Correction

Cryptocurrencies went through a massive correction today before a small rebound, and reactionary tweets flew all over Twitter as sentiments bubbled high.

The correction, catalyzed by Elon Musk’s tweets criticizing Bitcoin’s energy consumption, was exacerbated by several factors, including China, reiterating its anti-Bitcoin stance, a large short position on Bitfinex, and the necessity of a general correction in the overbought crypto space.

Crypto-related hashtags are trending across the world, including #crypto, #buythedip, and #altseason2021.

Bears Attack

Bitcoin skeptics and critics felt vindicated today as BTC temporarily plunged under $30K. Peter Schiff, a long-term Bitcoin antagonist having missed the early opportunity to buy Bitcoin, declared that today’s event “settles the debate”, proving that Bitcoin is not a safe haven nor a hedge against inflation – it’s merely a speculative asset that follows other high-risk assets (as it tanked alongside stocks).

Zhu Su, the CEO of Three Arrows Capital, played a very interesting move, seemingly shorting heavily on FTX. Today, his account was the #1 by PNL on the platform.

Slightly over a week ago, Su called for price targets over double what we are at now – making one wonder whether his tweet was sincere and that his thesis had changed since, or whether it was an attempt at manipulation to secure a more favorable short position.

Traders Determined to Resume Cycle

Swing traders and permabulls alike are not convinced that this correction is enough to stop the music. Loomdart, a very popular cryptocurrency trader, announced his rebuy of BTC at 36500. CZ, the founder of Binance, stated in a tweet: ‘if you panic sell, you won’t be crypto rich,’ reaffirming his bullish sentiment.

An unexpected hero arose from the carnage: Elon Musk, the potential first cause of the crash, restated that Tesla has diamond hands, implying that they would not be selling their BTC holdings.

Michael Saylor, the founder of MicroStrategy, also confirmed that he was ramping up his Bitcoin buys and has not sold a satoshi, reconfirming his long-held bullish thesis. Justin Sun, the founder of TRON, also announced a whopping $150 million bitcoin buy.

As BTC bounces back from one of its worst crashes in history, proponents from both sides cheer on from the sidelines: although the market is bearish, sentiment from large players is overwhelmingly bullish. If history is any indicator, a dip of this magnitude could provide an opportunity to scale into a net long position.

Source: How Elon Musk, Michael Saylor, Peter Schiff etc. React to Bitcoin’s Correction – Fintechs.fi

Follow Fintechs.fi on Twitter and Facebook!

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
French Debt Downgrade Piles Pressure on Macron’s New Prime Minister
US and UK Near Tech, Nuclear and Whisky Deals Ahead of Trump Trip
One in Three Europeans Now Uses TikTok, According to the Chinese Tech Giant
Could AI Nursing Robots Help Healthcare Staffing Shortages?
NATO Deploys ‘Eastern Sentry’ After Russian Drones Violate Polish Airspace
Anesthesiologist Left Operation Mid-Surgery to Have Sex with Nurse
Tens of Thousands of Young Chinese Get Up Every Morning and Go to Work Where They Do Nothing
The New Life of Novak Djokovic
The German Owner of Politico Mathias Döpfner Eyes Further U.S. Media Expansion After Axel Springer Restructuring
Suspect Arrested: Utah Man in Custody for Charlie Kirk’s Fatal Shooting
In a politically motivated trial: Bolsonaro Sentenced to 27 Years for Plotting Coup After 2022 Defeat
German police raid AfD lawmaker’s offices in inquiry over Chinese payments
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Volkswagen launches aggressive strategy to fend off Chinese challenge in Europe’s EV market
ChatGPT CEO signals policy to alert authorities over suicidal youth after teen’s death
The British legal mafia hit back: Banksy mural of judge beating protester is scrubbed from London court
Surpassing Musk: Larry Ellison becomes the richest man in the world
Embarrassment for Starmer: He fired the ambassador photographed on Epstein’s 'pedophile island'
Manhunt after 'skilled sniper' shot Charlie Kirk. Footage: Suspect running on rooftop during panic
Effective Protest Results: Nepal’s Prime Minister Resigns as Youth-Led Unrest Shakes the Nation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
King Charles and Prince Harry Share First In-Person Moment in 19 Months
Starmer Establishes Economic ‘Budget Board’ to Centralise Policy and Rebuild Business Trust
France Erupts in Mass ‘Block Everything’ Protests on New PM’s First Day
Poland Shoots Down Russian Drones in Airspace Violation During Ukraine Attack
Brazilian police say ex-President Bolsonaro had planned to flee to Argentina seeking asylum
Trinidad Leader Applauds U.S. Naval Strike and Advocates Forceful Action Against Traffickers
Kim Jong Un Oversees Final Test of New High-Thrust Solid-Fuel Rocket Engine
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Macron Appoints Sébastien Lecornu as Prime Minister Amid Budget Crisis and Political Turmoil
Supreme Court temporarily allows Trump to pause billions in foreign aid
Charlie Sheen says his father, Martin Sheen, turned him in to the police: 'The greatest betrayal possible'
Vatican hosts first Catholic LGBTQ pilgrimage
Apple Unveils iPhone 17 Series, iPhone Air, Apple Watch 11 and More at 'Awe Dropping' Event
Pig Heads Left Outside Multiple Paris Mosques in Outrage-Inducing Acts
Nvidia’s ‘Wow’ Factor Is Fading. The AI chip giant used to beat Wall Street expectations for earnings by a substantial margin. That trajectory is coming down to earth.
France joins Eurozone’s ‘periphery’ as turmoil deepens, say investors
On the Anniversary of Queen Elizabeth’s Death: Prince Harry Returns to Britain
France Faces New Political Crisis, again, as Prime Minister Bayrou Pushed Out
Murdoch Family Finalises $3.3 Billion Succession Pact, Ensuring Eldest Son’s Leadership
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Court Staff Cover Up Banksy Image of Judge Beating a Protester
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
Elon Musk Poised to Become First Trillionaire Under Ambitious Tesla Pay Plan
France, at an Impasse, Heads Toward Another Government Collapse
Burning the Minister’s House Helped Protesters to Win Justice: Prabowo Fires Finance Minister in Wake of Indonesia Protests
Brazil Braces for Fallout from Bolsonaro Trial by corrupted judge
The Country That Got Too Rich? Public Spending Dominates Norway Election
Nearly 40 Years Later: Nike Changes the Legendary Slogan Just Do It
×