Michael Saylor Responds to Jim Cramer's "Murdered" Bitcoin Remarks as BTC Slips to $59,000

Strategy Executive Chairman Michael Saylor has publicly responded to CNBC host Jim Cramer after Cramer said Saylor "murdered" Bitcoin amid a sharp decline in the cryptocurrency's price. The exchange comes as $BTC fell to $59,000, its lowest level in nearly two years.

Cramer, the host of CNBC's "Mad Money," attributed the recent selloff to Saylor and Strategy, the business intelligence firm that has accumulated a large position in $BTC. Saylor, a longstanding Bitcoin advocate, pushed back against the characterization, defending both his investment thesis and the broader role of Bitcoin in the financial system.

The $59,000 level marks a significant retracement from Bitcoin's all-time highs, reflecting a broader downturn in digital asset markets. Saylor's company, formerly known as MicroStrategy and rebranded as Strategy, has been one of the largest corporate holders of $BTC, regularly using its balance sheet to acquire additional Bitcoin.

Saylor's comments were posted to his social media accounts and have circulated widely across crypto media outlets. The exchange highlights the ongoing tension between traditional finance commentators and long-term Bitcoin proponents as the market navigates a multi-month downtrend.

Neither Saylor nor Cramer has indicated any further public response, and $BTC remained under pressure following the remarks.