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Bitcoin (BTC), the biggest cryptocurrency by market value, has dropped more than 10% after former MicroStrategy CEO Michael Saylor shared a weird photo of him surfing a Bitcoin surfboard in a work suit.

The biggest cryptocurrency fell to $53,661. Following a US employment data that eased recession fears, the top cryptocurrency briefly approached $57,000 today. Bitcoin lost its short-term gains and fell steeply alongside US markets.

Saylor, whose business has $12.1 billion in Bitcoin, has not commented on the disastrous drop.

The biggest cryptocurrency performs poorest in September. Bitcoin has fallen 8% in September. It fell approximately 14% in 2019.

Gold bug Peter Schiff dismissed Saylor's odd AI-generated illustration on Thursday, saying the Bitcoin wave "had already broken." Schiff advised Saylor to "catch the Bitcoin wave," which was "swelling."

Prior to that, the popular financial expert criticized Bitcoin ETF investors for betting on the wrong horse. He said that despite enormous inflows, their items rose 17%. In contrast, gold ETFs are up almost 24%.