London Daily

Focus on the big picture.
Thursday, Sep 18, 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

0:00
0:00
Close
US Tech Giants Pledge Billions to UK AI Infrastructure Following Starmer's Call
Saudi Arabia cracks down on music ‘lounges’ after conservative backlash
DeepMind and OpenAI Achieve Gold at ‘Coding Olympics’ in AI Milestone
SEC Allows Public Companies to Block Investors from Class-Action Lawsuits
Saudi Arabia Signs ‘Strategic Mutual Defence’ Pact with Pakistan, Marking First Arab State to Gain Indirect Access to Nuclear Strike Capabilities in the Region
Federal Reserve Cuts Rates by Quarter Point and Signals More to Come
Effective and Impressive Generation Z Protest: Images from the Riots in Nepal
European manufacturers against ban on polluting cars: "The industry may collapse"
Sam Altman sells the 'Wedding Estate' in Hawaii for 49 million dollars
Trump: Cancel quarterly company reports and settle for reporting once every six months
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
US Launches New Pilot Program to Accelerate eVTOL Air Taxi Deployment
Christian Brueckner Released from German Prison after Serving Unrelated Sentence
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Hong Kong Industry Group Calls for HK$20 Billion Support Fund to Ease Property Market Stress
Joe Biden’s Post-Presidency Speaking Fees Face Weak Demand amid Corporate Reluctance
Charlie Kirk's murder will break the left's hateful cancel tactics
Kash Patel erupts at ‘buffoon’ Sen. Adam Schiff over Russiagate: ‘You are the biggest fraud’
Homeland Security says Emmy speech ‘fanning the flames of hatred’ after Einbinder’s ‘F— ICE’ remark
Charlie Kirk’s Alleged Assassin Tyler Robinson Faces Death Penalty as Charges Formally Announced
Actor, director, environmentalist Robert Redford dies at 89
The conservative right spreads westward: a huge achievement for 'Alternative for Germany' in local elections
JD Vance Says There Is “No Unity” with Those Who Celebrate Charlie Kirk’s Killing, and he is right!
Trump sues the 'New York Times' for an astronomical sum of 15 billion dollars
Florida Hospital Welcomes Its Largest-Ever Baby: Annan, Nearly Fourteen Pounds at Birth
U.S. and Britain Poised to Finalize Over $10 Billion in High-Tech, Nuclear and Defense Deals During Trump State Visit
China Finds Nvidia Violated Antitrust Laws in Mellanox Deal, Deepens Trade Tensions with US
US Air Force Begins Modifications on Qatar-Donated Jet Amid Plans to Use It as Air Force One
Pope Leo Warns of Societal Crisis Over Mega-CEO Pay, Citing Tesla’s Proposed Trillion-Dollar Package
Poland Green-Lights NATO Deployment in Response to Major Russian Drone Incursion
Elon Musk Retakes Lead as World’s Richest After Brief Ellison Surge
U.S. and China Agree on Framework to Shift TikTok to American Ownership
London Daily Podcast: London Massive Pro Democracy Rally, Musk Support, UK Economic Data and Premier League Results Mark Eventful Weekend
This Week in AI: Meta’s Superintelligence Push, xAI’s Ten Billion-Dollar Raise, Genesis AI’s Robotics Ambitions, Microsoft Restructuring, Amazon’s Million-Robot Milestone, and Google’s AlphaGenome Update
Le Pen Tightens the Pressure on Macron as France Edges Toward Political Breakdown
Musk calls for new UK government at huge pro-democracy rally in London, but Britons have been brainwashed to obey instead of fighting for their human rights
Elon Musk responds to post calling for the murder of Erika Kirk, widow of Charlie Kirk: 'Either we fight back or they will kill us'
Czech Republic signs €1.34 billion contract for Leopard 2A8 main battle tanks with delivery from 2028
USA: Office Depot Employees Refused to Print Poster in Memory of Charlie Kirk – and Were Fired
Proposed U.S. Bill Would Allow Civil Suits Against Judges Who Release Repeat Violent Offenders
Penske Media Sues Google Over “AI Overviews,” Claiming It Uses Journalism Without Consent and Destroys Traffic
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
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
×