History might be repeating itself. Michael Saylor’s past with $MSTR should serve as a cautionary tale.
In 1999, his convertible bonds triggered a catastrophic dilution, wiping out shareholders. Now, with Bitcoin, the same signs are flashing red. The hype is fading, order books are thinning, and there are whispers of manipulation. Pushing for a Bitcoin Strategic Reserve is nothing short of financial lunacy—a bigger ripoff than USAID ever was. Bitcoin was …