Saylor Says Sell Kidney But Keep BTC as Price Drops; Standard Chartered Predicts $200K in 2025

Highlights:

• Michael Saylor joked about selling a kidney to keep BTC, sparking mixed reactions.
• Critics warn MicroStrategy could face losses if Bitcoin’s price drops further.
• Standard Chartered’s Geoff Kendrick predicts Bitcoin will reach $200k despite market volatility.

Bitcoin has dropped below $80,000, shaking the crypto market. The market faces a liquidity crisis, macro uncertainty, and Trump’s trade war tariffs. At press time, Bitcoin was at $79,668, down 7.1% in 24 hours.

In response to the market drop, Strategy’s executive chairman, Michael Saylor, jokingly wrote, “Sell a kidney if you must, but keep the Bitcoin.” Saylor is a strong Bitcoin supporter and has vowed never to sell his holdings. Companies like Metaplanet and Semler Scientific have followed his Bitcoin strategy, generating significant wealth for their shareholders.

Sell a kidney if you must, but keep the Bitcoin.

— Michael Saylor⚡️ (@saylor) February 28, 2025

Saylor’s ‘Sell a Kidney’ Remark Sparks Backlash

Saylor’s remark about selling a kidney sparked mixed reactions in the Bitcoin community. Some saw it as a joke, while others criticized his constant bullish predictions. One user initially mistook the post for a parody before realizing it was real. Another X user commented, “Saylors out here trying to have people sell their kidneys so that his investors don’t take both of his and feed him to the fishes.”

One follower, Geoffrey, commented, “Maybe you should have thought of that when you were buying 97k and not saving your powder for a dip”. A further decline in Bitcoin’s price could lead to a total loss on MicroStrategy’s BTC holdings. Critics believe Saylor’s aggressive buying at market highs was risky. 

MicroStrategy has bought more Bitcoin in recent months, reaching about 499,096 BTC. Its average purchase price is around $66,357 per Bitcoin. If Bitcoin’s price keeps falling, MSTR stock could face risks. Market analysts warn Bitcoin could drop to $70K as market sentiment weakens.

Crypto Dip Buying Buzz Soars as Bitcoin Falls Below $80K

Amid this downturn, social media buzz around crypto dip buying has surged to its highest level since last July. Santiment’s tracker found traders on X, Reddit, and Telegram confident this dip is worth buying. Their discussions between Feb. 25-26 showed strong belief in a market rebound.

Bitcoin first dropped below $90,000 on Feb. 25 after Trump confirmed 25% tariffs on Canada and Mexico. The decline deepened on Feb. 28, with Bitcoin falling under $80,000 after Trump warned of a further 10% tariff on China. 

🤷 Traders are showing a very high level of confidence that this dip is 'the one to buy', according to the spike in discussions across X, Reddit, Telegram, 4Chan, BitcoinTalk, and Farcaster. Ideally, we are waiting for this crowd enthusiasm to die down as a signal that enough… pic.twitter.com/nM99sLw4v3

— Santiment (@santimentfeed) February 28, 2025

Geoff Kendrick Predicts $500K BTC Despite Market Turmoil

Despite a major selloff pushing Bitcoin to a three-month low, Geoff Kendrick, the head of digital assets research at Standard Chartered, remains bullish. He believes Trump’s presidency has brought volatility to risk assets but could ultimately favor Bitcoin.

In a CNBC interview, Geoffrey Kendrick, head of digital assets research at the bank, predicted BTC could reach $200,000 this year and surge to $500,000 by the end of Trump’s second term.

Kendrick said the crypto industry needs the traditional financial giants such as Standard Chartered and BlackRock, particularly in the management of ETFs. He also pointed out that more institutional participation may improve the security and decrease the frequency of adverse events, such as last week’s $1.5 billion hack of crypto exchange Bybit.