Michael Saylor issued a security reminder, multiple AI-generated fake videos promoting Bitcoin to reach $1 million appeared on social media

MicroStrategy founder Michael Saylor issued a security alert on X platform, stating that there is a large number of DeepFake fake videos generated by artificial intelligence appearing on YouTube. The fabricated characters in the videos claim that the price of Bitcoin will rise to $1 million, and they also involve various transaction and giveaway frauds. Michael Saylor stated that his security team is dealing with these artificially generated deepfake videos and reminds users to be extra cautious and remember that there is no such thing as a free lunch.