Michael Saylor Ignored the Market Crash and Urged Everyone to Accumulate More Bitcoin on the Dip

After the US president Donald Trump announced new tariffs, the Bitcoin price crashed by roughly 5.72%

Michael Saylor, the founder and executive chairman of Bitcoin (BTC) giant Strategy (formerly known as MicroStrategy), has commented on the new decision announced by the US president Donald Trump.

The US leader ordered that additional baseline tariffs of 10% be imposed on all imports entering the United States from Canada, China, and also the European Union. These tariffs will become effective on April 5.

As for the cryptocurrency market, Bitcoin price reacted to that announcement and crashed by roughly 5.72% over the past 24 hours. It first dropped from $86,930 level on Wednesday, landing on $82,488. After a short rebound to the $83,700 level, the BTC price declined again, this time losing 2% and hitting $81,900. At the time of this writing, the world’s pioneer cryptocurrency is changing hands at $81,995 per coin.

Saylor issued a tweet, addressing the market and urging it not to miss this opportunity and accumulate more Bitcoin on the dip. “There are no tariffs on Bitcoin,” he stated.

There are no tariffs on Bitcoin.

Unlike physical goods that are imported from one country to another, Bitcoin can be easily bought and sold on crypto exchanges which operate even at weekends with no extra charges, except a small trading fee.

On Wednesday, Saylor published a tweet, which hinted that his company, Strategy, intends to continue accumulating Bitcoin. After the recently announced purchase of 22,048 BTC, Strategy is a proud holder of 528,185 Bitcoins worth $43,376,464,229.

Earlier this week, Kiyosaki said that silver is "better than gold or Bitcoin."

"Is SILVER more VALUABLE than gold or Bitcoin? I say YES. BECAUSE: Demand for silver is increasing for use in: 1: Solar Panels 2: Eelectronic Vehicles 3: Computers 4: Electronic products 5: Weapon Systems 6: Medicine 7: ...," Kiyosaki said in a tweet Wednesday.

Kiyosaki continues to tout silver as his favorite investment. He previously said that silver is being "deeply manipulated" and that it will rise to $70 per ounce this year.

"Silver price manipulation is over. Expect silver to SLING SHOT to $70 this year. As silver price rises, the poor will get poorer and the rich will get richer," Kiyosaki said in a recent post. "The good news is God will bless the poor and the poor will inherit the earth. As silver price rises, food prices will also rise. The poor will starve. The rich will buy food and be able to feed their families."

At the time of writing, silver is trading at $23.09, while gold is at $2,012. Both metals are down over the past 24 hours.

As for Bitcoin, the leading cryptocurrency is currently changing hands at $81,995. It has dropped by 2% over the past 24 hours.