News View Non-AMP

Just In: Michael Saylor Says ‘There Are No Tariffs on Bitcoin’

Published by
Anjali Belgaumkar

The cryptocurrency market took a nosedive Thursday, with Bitcoin and its digital cousins feeling the heat after President Donald Trump dropped a surprise tariff bombshell that rattled investors worldwide.

During a dramatic address from the White House Rose Garden on Wednesday, Trump announced sweeping tariffs—10% on a broad range of imported goods, with even steeper levies for countries he claims engage in “unfair trade practices” with the U.S. The news initially sparked a flicker of optimism in the markets, with U.S. stocks and cryptocurrencies briefly surging. But that hope was short-lived. Once the dust settled, reality hit hard—these tariffs were more aggressive than Wall Street had expected.

Bitcoin, which had been riding high above $87,000, took a sharp tumble, sliding below $82,000—a 5% drop that left many investors scratching their heads. Ethereum didn’t fare much better, dipping below the $1,800 mark, while XRP struggled to hold its ground above $2 after a 7% drop.

Amid the chaos, MicroStrategy’s Michael Saylor, tried to sprinkle some optimism on the situation with a bold tweet: “There are no tariffs on Bitcoin.” The comment was meant to be reassuring, but it only fueled a flood of skeptical replies. Investors flooded his post with questions like, “ why is the price dumping then?”

MicroStrategy’s commitment to Bitcoin remains strong. Just last month, the company announced a substantial $2 billion acquisition of Bitcoin, purchasing 22,048 BTC to add to its existing holdings. As of now, MicroStrategy holds a total of 528,185 Bitcoins, valued at approximately $35.63 billion in fiat currency.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Playing for the Planet: My Lovely Planet Gets Historic Recognition as the First Web3 Game on Google’s #WeArePlay

The digital world, often perceived as separate from the tangible, is increasingly demonstrating its capacity…

July 24, 2025

Top Bitcoin Casinos for Truly Anonymous Play in 2025

As the world of online gambling continues to evolve, so does the demand for privacy.…

July 24, 2025

Top Altcoins To Buy Today As Crypto Market Cools Before Next Bull Run

Top altcoins like ARB, ONDO, XLM, HBAR, and INJ are setting up for the next…

July 24, 2025

Altcoins To Buy Now During The Crypto Market Crash

The crypto market is currently going through a short-term correction, especially in the altcoin space.…

July 24, 2025

Bitcoin Price in Danger Zone! What Happens If Whales Sell?

The Bitcoin price USD has nearly doubled since U.S. President Donald Trump returned to office,…

July 24, 2025

Kevin O’Leary-Backed Bitzero Raises $25M to Scale Bitcoin Mining Infrastructure

Bitzero, a crypto mining company backed by Shark Tank’s Kevin O’Leary, has raised $25 million…

July 24, 2025