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FUN FACT: In 2000, Michael Saylor lost over $6.8 billion in a single day, making him the biggest loser of the entire dot-com bubble.
His company, MicroStrategy, was also charged by the SEC for fraudulently cooking the books and deceptively reporting a profit despite operating at major losses.
The firm should have gone bankrupt, but Saylor quietly cut a deal with regulators, paid a record settlement under confidentiality, and secured a bailout from a consortium of foreign investors.
As the saying goes, history doesn’t repeat, but it often rhymes. Saylor was once a vocal Bitcoin critic, even comparing it to poker and gambling. Bitcoiners will be very disappointed when he tricks them and jumps ship after he’s done milking them. Don’t say you weren’t warned.

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