Bitcoin24h $76,006.97+2.66%

Ethereum24h $2,321.12+2.32%

XRP24h $1.43+2.11%

BNB24h $629.78+2.18%

Solana24h $85.77+2.70%

TRON24h $0.3282-0.46%

Dogecoin24h $0.0958+2.97%

Hyperliquid24h $40.92-0.15%

UNUS SED LEO24h $10.29+1.33%

Cardano24h $0.2491+2.78%

Is Michael Saylor the Do Kwon of this bitcoin cycle?

MicroStrategy and Michael Saylor’s rise to prominence has drawn comparisons to Do Kwon’s bitcoin-buying ambitions from 2022.

MicroStrategy bulls think Michael Saylor can pump it to 10X its BTC

Irresponsibly Long MSTR members think that Michael Saylor will discover “genius ways” to financialize MicroStrategy’s bitcoin holdings.

In the 1980s, a single family manipulated the price of silver. Critics think that situation is similar to MicroStrategy and bitcoin.

Andrew Left tweeted negatively about MicroStrategy 13 minutes into Thursday’s trading session. Within 90 minutes, the stock had declined 16%.

Bitcoin and MicroStrategy are both rallying with win-win math for bondholders and shareholders. Of course, the party can’t last forever.