๐ก Is MicroStrategy a Bubble? The Michael Saylor BTC Bet ๐ฏ
๐น Who is Michael Saylor?
๐ Co-founder & Executive Chairman of MicroStrategy
๐ One of the largest $BTC holders and a key Bitcoin advocate
๐ Reshaped MicroStrategyโs identity by pivoting to Bitcoin investments
๐น Recent Moves
๐ Aggressive Bitcoin purchases over the last 3 months
๐ $MSTR stock has surged 300% due to market hype
๐ Riding the wave of Bitcoinโs bear market recovery
๐น The Risks Behind the Hype
โ Core software business cannot cover MicroStrategy's debt costs
โ Loans taken at $500/share in 2024 are underwater
โ Average $BTC buy price: $62,226 โ a price drop could force asset liquidation
โ Operating like a Bitcoin fractional reserve bank with <5% cash reserves
๐น Potential Outcomes
โ ๏ธ A Bitcoin price dip below $62,226 could trigger defaults
โ ๏ธ Saylor may face forced liquidation within the next 12-18 months
โ ๏ธ $MSTR gains since 2020: only 51.75% despite the hype
๐น Key Questions
๐ค Is this a deliberate attack on Bitcoin?
