MicroStrategy’s Saylor Faces Backlash After Calling Bitcoin "Subservient Ghostface" to Central Banks
In a stunning marketing misstep, MicroStrategy CEO Michael Saylor referred to Bitcoin as a "subservient ghostface" during a live earnings call, immediately cratering the company's stock by 4% in after-hours trading. The comment, intended to describe Bitcoin's role as a passive store of value, instead ignited a firestorm on social media, with critics accusing Saylor of trivializing the asset’s independence. The backlash was swift: rival execs called the remark "absurd," and retail investors dumped shares. Saylor later clarified the statement was a "hyperbolic metaphor," but the damage is done. This gaffe has now become the top trending meme in crypto circles, raising questions about leadership tone in volatile markets.