Imagine Losing 8.5% of Your Wealth Overnight: Saylor Mocks Turkish Lira

• Turkish lira hits a record low, crashing by 27% this year.
• Pro-crypto Michael Saylor emphasized the value of Bitcoin over the Turkish lira.
• Twitter users share experiences of overnight losses and highlight Bitcoin’s volatility.

Michael Saylor, the chairman of MicroStrategy, took to Twitter to emphasize the value of Bitcoin (BTC) as the Turkish lira experienced a significant decline. Saylor’s tweet came in response to a report revealing that the lira had dropped 27% since the beginning of the year and an additional 8.5% since Thursday.

“Imagine losing 8.5% of your wealth overnight,” Saylor tweeted, adding, “TRY Bitcoin.”

Imagine losing 8.5% of your wealth overnight. TRY #BTC pic.twitter.com/u45wh0PPXZ

— Michael Saylor (@saylor) June 24, 2023

Saylor’s tweet resonated with Twitter user Joe Nakamoto, who shared his experience of overnight losses with Bitcoin. Nakamoto jokingly said, “Bitcoin regularly drops 8.5% while I’m sleeping.”

Similarly, another Twitter user humorously acknowledged that Bitcoin’s price fluctuations had caused even more significant losses. “I can think of a few times where I ‘lost’ 50%+ of my wealth overnight …

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