The Feds Ready To Make Most Altcoins Disappear - Michael Saylor | Dec 16, 2021

[Nomis Elpmis]

Not a fan of Michael Saylor, but one can gain insight from a fin tech opportunist apex predator. His company Microstrategy was rumored to be the cause of the 'Dot Com Bubble' bursting in 2000, so this isn't his first rodeo. He's currently a whos who of Bitcoin (BTC) because he has bought so much of it.

 

[Nomis Elpmis]

Saylor is at it again:

MicroStrategy Plummets as SEC Rejects Its Bitcoin Accounting (3)

MicroStrategy Inc. can’t strip out Bitcoin’s wild swings from the unofficial accounting measures it touts to investors, the SEC said.

news.bloomberglaw.com

Old article from 2000:

MicroStrategy Chairman Accused of Fraud by S.E.C. (Published 2000)

Michael J Saylor, chairman of MicroStrategy, software company whose share price soared and then collapsed after company was forced to restate its books and erase all profits it had reported, is accused of fraud by Securities and Exchange Commission; Saylor settles civil charges without admitting...

www.nytimes.com

 

[Nomis Elpmis]

 

[Lancers32]

Mr. Market making Saylor's investment in BTC disappear. HODL.

 

[Nomis Elpmis]

<25% today. He may set the record for 'largest loss of all time' like he did during the 'dot com' implosion.

 

[Nomis Elpmis]

He took out a $205 million loan to buy Bitcoin. Crazy MF'er.

A Bitcoin margin call. If the world’s leading cryptocurrency drops below $21,000, Michael Saylor’s MicroStrategy will be forced to pay up.

Saylor has become a leader in the crypto community ever since his company began adding Bitcoin to its balance sheet, but being a crypto evangelist comes with some serious risks.

fortune.com

 

[Nomis Elpmis]

Another <27%. I hear when BTC reaches $21,000 he gets a margin call.