XRP Proponent Warns Bitcoin Holders: Michael Saylor Is a Government Contractor

The Bitcoin community has celebrated the digital asset’s climb past $110,000 in 2025 as evidence of its growing global relevance. Yet beneath the surface, not all voices share the optimism.

Over 10,000 BTC, worth more than $1 billion, was recently moved from a wallet that had been inactive since 2011. Following that, multiple similar wallets were activated, and a total of 80,009 BTC, worth almost $9 billion, was moved to unknown wallets.

The transfers prompted speculation among many crypto holders, but Bitcoin advocates largely dismissed the event as routine. However, XRP proponent Edoardo Farina views it as a sign of deeper instability.

Farina’s Warning to Bitcoin Holders

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Though none of the funds appear to have entered centralized exchanges, the scale of the movement has unsettled some market watchers, and some anticipate an upcoming sell-off. Farina argues this is precisely the kind of event the Bitcoin community refuses to analyze critically.

He went further in questioning the motivations of Bitcoin figureheads, alleging that Michael Saylor, who has been called Bitcoin’s Warren Buffett, is part of a coordinated effort to mislead. “Saylor is a government contractor paid to deceive the masses,” Farina wrote, reinforcing a narrative he has promoted in previous critiques of institutional involvement in Bitcoin.

Possibility of Future Sell-Offs

The suggestion that these dormant wallets could eventually be used to liquidate large holdings is not unprecedented. Historically, early miner wallets have rarely moved funds unless some form of realization, profit-taking, transfer of custody, or structural risk management was involved.

A similar event occurred in March 2024 after a wallet that had stayed dormant for 14 years sold its BTC at an all-time high. The 2025 wallet reactivations mirror those concerns. If such holders begin to exit positions during heightened optimism, Bitcoin could be exposed to swift downward pressure.

Is Bitcoin’s Downfall Coming?

Critics of Farina often dismiss his perspective as tribalism. However, the scale and timing of the recent wallet moves lend some weight to his concerns. Farina has always believed that Bitcoin maximalists are not ready to admit XRP’s superiority, and their blindness in this case reinforces his point.

For him, the issue is the Bitcoin community’s refusal to confront the possibility of an unfavorable outcome. “Their fall will be the lesson,” he warned. “We tried to warn them.”

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