Bankless · Monday, July 13, 2026
Dan Held views Michael Saylor as a net positive for Bitcoin advocacy, appreciating his efforts in promoting the asset. However, Held advises against investing in MicroStrategy or Grayscale Bitcoin Trust (GBTC), suggesting that direct Bitcoin ownership is preferable to these leveraged or indirect products.
“So TLDR, I think he's a net positive for Bitcoin. However, I would not have recommended Bitcoiners buy MicroStrategy or Stretch or any of those products.”
“You call me old fashioned, but if you want to buy Bitcoin, just buy Bitcoin. And I think a lot of people had this whole concept around like, oh, well, what if we get like a leverage plan on Bitcoin and whatnot? Yeah.”
“And so, you know, whereas I feel like mine was a bit esoteric, but more for an easy concept for people to digest. But I didn't go a little, I didn't go crazy with the energy meme. I think he's taken some narratives and I think gotten a little too esoteric with them.”