MicroStrategy's Bitcoin Guide Issues a 93% Crash Warning to Investors
MicroStrategy, now Strategy, has published a Bitcoin guide that warns buyers that the asset has already crashed 93.1% once. Executive Chairman Michael Saylor shared it over the weekend. The document devotes more space to losses, custody failures, and position sizing than to upside. Sponsored Sponsored What the MicroStrategy Bitcoin Guide Warns About That 93.1% drop, which occurred at the 2011 low, is the deepest in Bitcoins trading history. The guide adds a worst one-year return of minus 83.6%. Its point is not about direction. It is about survival. Being right about Bitcoin over 10 years does not protect anyone over 10 months. High long-term Bitcoin returns with severe interim losses. Source: MicroStrategy Bitcoin Guide “An investor can be correct that Bitcoin appreciates and still lose money through leverage, option decay, an unfavorable capital structure, corporate risks, counterparty failure, excessive fees or forced liquidation,” the company says. Saylor Has Already Lived a Crash Like This The warning carries weight because Saylor watched one wreck his own company. On March 20, 2000, MicroStrategy restated three years of revenue. The stock fell 62% in a single day from a peak of $333. Sponsored Sponsored MicroStrategy 2000 Stock Crash. Source: TradingView The SEC then charged him with fraud. He paid $8.28 million in disgorgement and a $350,000 penalty,









