Crypto Currency

‘Bad Bitcoin take’ — Crypto community reacts to Saylor’s kidney-selling advice

Key Takeaways Michael Saylor suggested selling organs instead of Bitcoin, sparking criticism. Saylor’s past advice included extreme measures like mortgaging homes for Bitcoin. Share this article When Bitcoin crashes, Saylor’s our guy, but this time, the vibe is off for many. Strategy founder Michael Saylor suggested Bitcoin holders should sell one of their kidneys if

Key Takeaways

  • Michael Saylor suggested selling organs instead of Bitcoin, sparking criticism.
  • Saylor’s past advice included extreme measures like mortgaging homes for Bitcoin.

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When Bitcoin crashes, Saylor’s our guy, but this time, the vibe is off for many.

Strategy founder Michael Saylor suggested Bitcoin holders should sell one of their kidneys if they need money rather than selling their Bitcoin.

The comment came as Bitcoin fell below $80,000 on Thursday, reaching its lowest level since last November.

The statement drew sharp criticism from crypto community members and industry figures, who condemned it as irresponsible given health and ethical concerns surrounding organ selling.

This adds to Saylor’s history of advocating extreme measures for Bitcoin investment. During previous market downturns, he encouraged investors to liquidate assets and maximize credit card debt to purchase Bitcoin on leverage.

In a FOX Business interview, the Bitcoin bull also suggested people mortgage their homes to invest in Bitcoin.

“First you told people to max out their credit cards and mortgage their homes to buy Bitcoin. Now you’re telling them to sell off their organs. Have you no shame?” criticized gold advocate Peter Schiff in a comment on Saylor’s post.

The Bitcoin skeptic pointed out that if people had followed Saylor’s advice when Bitcoin was trading around $50,000, they would now be facing high interest payments on credit card debt, with current rates reaching 24%.

However, others think Saylor’s ‘sell a kidney’ thing was just a bad joke or hyperbole that reflects his strong belief in Bitcoin’s long-term potential.

Regardless, critics argue that his prominent role in the crypto space demands more responsible public communication.

And some simply joked or gave satirical takes on the issue.

The price of a human kidney on the black market varies widely. According to a report from Dr. Bertalan Mesko, PhD, kidney prices on black markets can range from $50,000 to $120,000, though sellers typically receive only a fraction and middlemen capture most profits.

It’s important to note that organ trafficking is illegal in most countries, and this is not financial or health advice.

Saylor’s Strategy currently holds 499,096 Bitcoin, valued at approximately $41 billion at current market prices. The company’s shares traded at $245 after market opening Friday, down 15% year-to-date.

At press time, Bitcoin traded at $83,500, showing a decline of over 10% year-to-date, per TradingView.

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Crypto Currency

Rich Bitcoiners Are Reportedly Spending BTC on Luxury Holidays: Does This Really Make Sense?

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Rich Bitcoiners Are Reportedly Spending BTC on Luxury Holidays: Does This Really Make Sense? Private jet flights, yacht cruises and boutique hotels are now taking crypto. But does it make sense for bitcoin’s new wealthy to actually spend their coins? By

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Rich Bitcoiners Are Reportedly Spending BTC on Luxury Holidays: Does This Really Make Sense?

Private jet flights, yacht cruises and boutique hotels are now taking crypto. But does it make sense for bitcoin’s new wealthy to actually spend their coins?

By Siamak Masnavi, AI Boost|Edited by Aoyon Ashraf
Updated Aug 31, 2025, 9:08 p.m. Published Aug 31, 2025, 7:53 p.m.
Bora Bora, French Polynesia

Bora Bora, a symbol of luxury holiday destinations popular with crypto’s newly wealthy (Photo by Sylvain Lefevre/Getty Images)

What to know:

  • Several private jet, cruise and hotel operators are now reportedly accepting crypto as bitcoin wealth drives luxury holiday demand.
  • Bitcoin’s infamous “pizza story” highlights the risk of spending BTC too early, but some wealthy holders may see today’s high prices as a chance to lock in value.
  • Using BTC for purchases triggers capital-gains tax in places like the U.S. and U.K., complicating the appeal of using crypto to pay for goods and services.

Bitcoin’s latest rally is spilling over into the luxury holiday market.

The Financial Times (FT) reported earlier today that private jet firms, cruise lines and boutique hotels are increasingly accepting crypto payments.

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Flexjet-owned FXAIR, for instance, now takes tokens for transatlantic trips costing about $80,000, while cruise operator Virgin Voyages sells annual passes worth $120,000.

SeaDream Yacht Club and boutique hotel groups including The Kessler Collection have also added crypto checkout options, according to the FT.

High-end travel is a natural niche for crypto spending. On six-figure invoices, fees and volatility matter less, and merchants can instantly convert payments into fiat.

For customers, paying in bitcoin carries status value, echoing earlier bull-market splurges on Lamborghinis and watches. This time, the indulgence is time-saving private jets and one-of-a-kind cruises.

Still, whether it makes financial sense is another matter. Bitcoin’s most famous cautionary tale comes from 2010, when Florida programmer Laszlo Hanyecz spent 10,000 BTC on two pizzas, a purchase now worth over $1 billion in hindsight. Today’s jet bookings could invite the same regret if bitcoin keeps climbing.

Yet others see logic in cashing in.

With bitcoin recently hitting a record $124,128 on Aug. 14, some wealthy holders may view the present rally as a window to lock in gains before macro shocks send prices lower.

Inflationary pressures tied to the new U.S. import tariffs, along with wider economic uncertainty, could easily knock BTC back below $100,000, turning today’s holiday splurges into a rational hedge.

There are also tax complications.

The U.S. Internal Revenue Service (IRS), for instance, treats crypto as property, meaning that spending BTC counts as a taxable disposal and can trigger capital-gains liabilities. The U.K.’s HMRC applies the same principle, taxing disposals when coins are sold, swapped or spent.

The bigger backdrop, according to McKinsey data cited by the FT, is that younger affluent travelers are driving a luxury travel boom projected to nearly double spending between 2023 and 2028. For that generation, crypto is not just an investment vehicle but also a way to pay for experiences that promise freedom and exclusivity.

Bottom line: Crypto hasn’t taken over coffee shops, but at the top end of the market it is showing up. Whether that’s smart wealth management or another billion-dollar pizza mistake depends on how long this bull cycle lasts.

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AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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That would be a massive jump as the betting platform raised funds at just a $1 billion valuation just back in June.

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Major Bitcoin Breakout Could be Brewing as Retail and Institutions Stack ‘Relentlessly’

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Major Bitcoin Breakout Could be Brewing as Retail and Institutions Stack ‘Relentlessly’ Bitcoin accumulation by retail and institutions is hitting highs, with one analyst saying it could set the stage for a major breakout as price steadies near $109,000 By Siamak

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Major Bitcoin Breakout Could be Brewing as Retail and Institutions Stack ‘Relentlessly’

Bitcoin accumulation by retail and institutions is hitting highs, with one analyst saying it could set the stage for a major breakout as price steadies near $109,000

By Siamak Masnavi, CD Analytics|Edited by Aoyon Ashraf
Updated Aug 31, 2025, 6:49 p.m. Published Aug 31, 2025, 5:15 p.m.
24-hour bitcoin price chart near $1src9,srcsrcsrc

Bitcoin trading flat near $109,000 on Aug. 31, 2025 (CoinDesk Data)

What to know:

  • Bitwise data shows retail and institutional BTC accumulation at the strongest pace since April.
  • In July and August alone, 28 new bitcoin treasury firms added more than 140,000 BTC.
  • Institutional demand this year is running more than 6x higher than new BTC supply, dwarfing halving-cycle expectations.

Bitcoin is holding steady around $108,716, according to CoinDesk Data, but behind the flat price action are signs of a potential breakout as both retail and institutions ramp up accumulation.

On Aug. 29, André Dragosch, European head of research at Bitwise, noted that corporate adoption of bitcoin has accelerated at a historic pace. He said that July and August alone saw the creation of 28 new bitcoin treasury companies and an increase of more than 140,000 BTC in aggregate corporate holdings.

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That figure is nearly equivalent to the total amount of new bitcoin mined in a year (which is around 164,000 BTC), underscoring how demand from treasuries is soaking up supply faster than it is produced.

The accompanying Bitwise chart showed a steep upward curve, highlighting how companies are increasingly treating bitcoin as a reserve asset in the mold of Michael Saylors’ Strategy (MSTR).

Chart showing corporate bitcoin treasury growth in July and August 2src25

Corporate treasuries added 140,600 BTC in July–August, per Bitwise (Bitwise/X)

Moments later, Dragosch addressed a popular narrative among analysts that bitcoin could “top out” in 2025 because of post-halving cycle patterns seen in earlier years. He argued that such thinking overlooks the scale of institutional demand today.

Chart showing BTC one-year demand versus new supply from 2src2src to 2src25

Institutional demand outpacing supply more than 6x in 2025, Bitwise data shows (Bitwise/X)

His chart showed that as of Aug. 29, 2025, institutional demand has absorbed over 690,000 BTC, compared with a new supply of just over 109,000 BTC, making demand roughly 6.3 times larger than supply.

While Dragosch described it as nearly seven times, the precise ratio still illustrates an extraordinary imbalance that challenges historical cycle comparisons. For investors, the implication is that halving-driven supply dynamics may matter less in the current era of institutional adoption.

Two days earlier, on Aug. 27, Dragosch pointed to retail buying as another driver. He said the rate of accumulation across all bitcoin wallet cohorts — from small holders to whales — had reached its highest level since April. In his words, investors appear to be “stacking relentlessly.”

The Bitwise chart attached showed sharp upward moves across wallet groups, suggesting that retail demand is lining up with institutional flows. Historically, synchronized accumulation across cohorts has often preceded major upside moves, making the current environment notable for bulls.

Chart showing rising bitcoin accumulation across wallet cohorts

Bitcoin wallet cohorts show strongest accumulation since April 2025 (Bitwise/X)

Despite the accumulation of data, bitcoin is little changed at $108,716 in the past 24 hours, according to CoinDesk Data, as markets await clearer catalysts.

Price Analysis Highlights

(All times are UTC)

  • According to CoinDesk Research’s technical analysis data model, between Aug. 30 15:00 UTC and Aug. 31 14:00 UTC, bitcoin traded in a narrow $1,285 range, peaking at $109,518.96 before retreating.
  • Resistance held firm near $109,500 on a volume spike of 6,077 BTC.Support formed around $108,350–$108,400, where buyers stepped in.
  • A surge in volume to 8,272 BTC at 13:00 UTC pointed to institutional participation at these levels.
  • In the final hour of the analysis period, BTC broke higher from $108,340.08 to $108,398.41, with a two-phase move: consolidation around $108,260–$108,350, followed by a breakout above $108,470 resistance at 13:46 UTC.
  • Profit-taking created pullbacks to the $108,320–$108,360 range, but sustained buying kept prices above $108,380 into the close.
  • Volatility remains elevated after the sharp drop from $124,500 earlier in August.
  • BTC is still below key $110,500 resistance, and analysts caution that a test of the $100,000 psychological level cannot be ruled out.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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Bitcoin Climbs as Economy Cracks — Is it Bullish or Bearish?

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CPI surprises to the upside while cracks widen in U.S. labor market; bitcoin climbs as the dollar weakens and bond yields fall.

What to know:

  • Headline CPI rose 0.4% MoM vs. 0.3% expected; jobless claims and major job- creation data revisions signal mounting labor market stress.
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Bitcoin or Gold: Which Is the Better Hedging Asset in 2025?

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin or Gold: Which Is the Better Hedging Asset in 2025? Bitwise’s André Dragosch argues gold still protects against stock sell-offs while bitcoin hedges bond stress — raising questions about their roles in 2025 portfolios. By Siamak Masnavi, AI Boost| Edited

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Bitcoin or Gold: Which Is the Better Hedging Asset in 2025?

Bitwise’s André Dragosch argues gold still protects against stock sell-offs while bitcoin hedges bond stress — raising questions about their roles in 2025 portfolios.

By Siamak Masnavi, AI Boost|Edited by Aoyon Ashraf
Updated Sep 1, 2025, 2:03 p.m. Published Aug 31, 2025, 8:12 a.m.
Bitcoin tokens with gold chain, silver coins and global banknotes.

Various inflation hedges, including bitcoin, gold, and silver (Yuriko Nakao/Getty Images)

What to know:

  • Bitwise’s André Dragosch says gold works best as a hedge when equities tumble, while bitcoin offers more resilience when U.S. bond markets are under pressure.
  • Historical data and industry research back the split: gold often rises in equity bear markets, while bitcoin has held up better during Treasury sell-offs.
  • So far in 2025, gold is up more than 30% and bitcoin about 15%, reflecting their diverging roles as investors weigh higher yields, equity volatility, and Trump’s pro-crypto stance.

Given the Trump administration’s vocal and demonstrated support for crypto, some investors are likely wondering whether gold’s days as the world’s favorite hedge asset are numbered.

André Dragosch, European head of research at Bitwise Asset Management, suggests the choice isn’t so simple. In a post on X Saturday, he offered a rule-of-thumb: gold still works best as protection against stock market losses, while bitcoin increasingly acts as a counterweight to bond market stress.

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Gold: Hedge of choice

The reasoning starts with history. When equities sell off, investors often rush into gold. Decades of market data back this up. Gold’s long-run correlation with the S&P 500 has hovered near zero, and during market stress, it often dips into negative territory.

For example, in the 2022 bear market, gold prices rose about 5% even as the S&P 500 tumbled nearly 20%. That pattern illustrates why gold is still considered the classic “safe haven.”

Bitcoin: A bond market counterweight

Bitcoin, by contrast, has often struggled during equity panics. In 2022, it collapsed by more than 60% alongside tech stocks. But its relationship with U.S. Treasuries has been more intriguing.

Several studies note that bitcoin has shown a low or even slightly negative correlation with government bonds. That means when bond prices sink and yields rise — as they did in 2023 during fears over U.S. debt and deficits — bitcoin has sometimes held up better than gold.

Dragosch’s takeaway: investors don’t need to pick one over the other. They play different roles. Gold is still the better hedge when stocks wobble, while bitcoin may help portfolios when bond markets are under pressure from rising rates or fiscal worries.

Does it work in 2025?

The split has been clear this year.

As of Aug. 31, gold was up more than 30% year-to-date, according to World Gold Council data. That surge reflects renewed demand during bouts of equity volatility tied to tariffs, slowing growth, and political risk.

Bitcoin, meanwhile, has gained about 16.46% this year, based on CoinDesk Data, a solid performance considering that 10-year U.S. Treasury yields have fallen around 7.33%, according to MarketWatch data.

The S&P 500, by comparison, is up roughly 10% in 2025, per CNBC data.

The diverging performance underscores Dragosch’s heuristic: gold has benefited most from equity jitters, while bitcoin has held its ground as bond markets wobble under the weight of higher yields and heavy government borrowing.

This isn’t just Dragosch’s personal view. A Bitwise research report earlier this year noted that gold remains a reliable hedge against stock market downturns, while bitcoin has tended to provide stronger returns during recoveries and shows lower correlation with U.S. Treasuries.

The report concluded that holding both assets can improve diversification and optimize risk-adjusted returns.

The caveats

Still, correlations aren’t static. Bitcoin’s ties to equities strengthened in 2025 thanks to large inflows into spot ETFs, which have attracted billions from institutional investors.

The huge net inflows into spot Bitcoin ETFs make BTC trade more like a mainstream risk asset, reducing its “purity” as a bond hedge.

Short-term shocks can also scramble the picture. Regulatory surprises, liquidity squeezes, or macro shocks may move both gold and bitcoin in the same direction, limiting their usefulness as hedges. Dragosch’s rule-of-thumb, in other words, is just that — a thesis, not a guarantee.

Trump’s pro-crypto stance raises a provocative question: Is it time to abandon gold entirely in favor of bitcoin? Dragosch’s answer, supported by years of data, is no.

Gold still works best when stocks tumble, while bitcoin may offer shelter when bonds are under pressure. For investors, the lesson isn’t ditching one asset for the other, but recognizing that they hedge different risks — and using both may be the smarter play.

btcGoldHedgingBondsEquities
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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