The Bitcoin Scam Started by Michael Saylor

Michael Saylor's history of deception and reckless financial behavior makes it impossible for me to take his Bitcoin advocacy seriously. After losing $6 billion in a single day and lying to the SEC, he reemerged in 2020, declaring Bitcoin the ultimate inflation hedge—despite inflation being tame during its early years. When inflation finally spiked in 2022, Bitcoin tanked even harder than tech stocks, proving it was never a hedge, just another volatile play. Meanwhile, Saylor borrowed massively to buy Bitcoin, yet bought the least during its biggest dip—revealing hype over conviction and putting his entire company at risk.

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