Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
With every day comes a new pronouncement from Michael Saylor, the charlatan behind the Strategy (US:MSTR) ponzi which indicates that he is going completely mad. The problem is that he has been the biggest cheerleader for crypto and his heavily indebted firm owns 3% of the world’s bitcoin. When it explodes not only will it be a forced sellers but a stack of over-leveraged believers will also enjoy a red pill moment and sell too.
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