Michael Saylor doesn’t care about Bitcoin. In 2013, he predicted its failure. A decade later, he realized how naive investors were and devised a scheme to exploit them. He publicly praises Bitcoin and gambles with his company’s cash because he knows it’s in a massive bubble fueled by irrationality. His goal is to use its hype to lure retail investors into his struggling stock. As the hype builds, he dumbs significant positions in his now inflated stock, making himself rich. The SEC filings are public for anyone to see. He pulled the exact same stunt during the dot-com bubble in the 2000s. The difference? He failed to cash out in time and lost nearly everything when it burst. Mark my words: history will repeat itself.

Bitcoin had a tiny -9% dip and MicroStrategy stock plummeted over -40%. Guess what happens when BTC is down over 90% and plunging to new lows? MicroStrategy will go bankrupt and be forced to sell all of their BTC. Don’t forget, their liquidation price is $17K. The price was less than that under a year ago.