Michael Saylor Calls Bitcoin ‘Digital Gold’ Amid Market Turmoil

Bitcoin advocate and Strategy founder Michael Saylor has reignited the “digital gold” narrative, calling BTC the modern equivalent of gold as the flagship cryptocurrency fights to reclaim the $80,000 mark. Posting on X, Saylor shared another AI-generated image of himself seated atop gold bullions stamped with the Bitcoin logo, guarding a fictional “Bitcoin Fort Knox” — a nod to the U.S. Strategic Bitcoin Reserve allegedly initiated by President Trump.

Despite Saylor’s bullish stance, the crypto and stock markets have recently faced intense volatility. Trump’s announcement of sweeping global trade tariffs, sparing only Russia and Belarus, triggered a $5 trillion sell-off across U.S. markets last week. Adding fuel to the fire, Trump warned China of a 50% tariff hike unless it removes levies on American goods. China, however, remains defiant.

Bitcoin was initially resilient, hovering above $80,000, but dipped to $74,700 over the weekend before rebounding by 8%. Now, BTC is once again testing the crucial $80K psychological resistance level.

Meanwhile, concerns have surfaced around Strategy’s massive Bitcoin holdings. An SEC filing revealed the company may be forced to sell some of its over 500,000 BTC if it cannot meet financial commitments to investors. Strategy had raised capital through stock offerings to fund Bitcoin purchases, but repayment obligations could pressure the firm to liquidate part of its holdings if balance sheet liquidity falls short.

So far, Strategy has avoided selling, staying true to Saylor’s “hold forever” promise. However, mounting financial stress could soon test that resolve. As Bitcoin battles macroeconomic headwinds, eyes remain fixed on whether it can reclaim $80,000 — and whether Saylor’s unwavering faith in digital gold will hold.