Michael Saylor is heralded at some kind of business super genius. I’m not so sure. He has staked his company’s entire fortune and future on one and only one thing: Bitcoin’s price. I think there’s no middleground: he will either succeed wildly and be heralded as a legend, or he is going to create one of the biggest corporate fiascos in business history.
One thing I can say for sure, however: his company’s stock price is down 50% over the past eleven months, and in this laughably over supported, overvalued market, that’s pretty pathetic.
