Will Michael Saylor’s Bitcoin Gamble End in Glory or Disaster?

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Ah, the grand Michael Saylor, whose social media presence has become as relentless as his Bitcoin obsession. A true showman, he’s been parading the brilliance of his company’s, let’s say, “stellar” performance. All thanks to a little decision to adopt Bitcoin as the treasury reserve asset back in August 2020. You know, just casually adding an asset that is as volatile as a summer storm.

Now, brace yourself, for since this bold move, the company’s stock has risen by nearly 2,500%. Yes, you read that right—two thousand five hundred percent. Meanwhile, Nvidia (NVDA), which apparently became the crown jewel of the AI boom, has managed a paltry 808%. Oh, the tragedy of only 808%! A truly hard life. Let’s not forget, Bitcoin itself surged by 614% after Strategy (formerly MicroStrategy) decided to make it the corporate treasure. And Tesla, that electric car giant, also managed a humble 155%. A real underdog story, isn’t it?

Choose your Fighter

— Michael Saylor (@saylor) April 18, 2025

But wait! Don’t get too comfortable. Strategy’s year-to-date returns, as it turns out, are a modest 11.4%. Not exactly fireworks, eh? Still, it’s doing better than the Nasdaq-100. But let’s not kid ourselves—it’s not just some random high-beta tech stock. Its tireless Bitcoin purchasing is supporting the cryptocurrency’s value, which, by some miracle, is holding up amidst global market chaos caused by, well, tariffs. Who would’ve thought?

Of course, not everyone is on the Bitcoin bandwagon. Oh no, not by a long shot. Critics abound, claiming Saylor’s “strategy” is a reckless gamble. It’s almost like a bad Vegas bet, but with more spreadsheets and less fun. One such critic, the ever-pithy Peter Schiff, sarcastically suggested that Strategy should change its name to “Micro,” predicting the stock will fall alongside Bitcoin’s inevitable crash. Quite the fortune teller, this one.

Then there’s Jason Calacanis, the American entrepreneur who’s convinced that Saylor will eventually “break” Bitcoin. By making it more centralized, no less! And here we thought Bitcoin was all about decentralization. What a twist!

In the end, the sustainability of this whole Bitcoin bet hinges entirely on Bitcoin’s price performance. Will the king of cryptocurrencies continue to rise, or will it be dethroned by the next shiny thing? And let’s not forget, Strategy’s stock needs to maintain a premium to NAV to keep up the illusion. All in all, it’s a tightrope walk, my friends.

But if you’re feeling lucky, there are now several ETFs that promise to double the performance of Strategy’s stock. For those brave souls who want to add some extra spice to their speculations. Just remember, if this all comes crashing down, at least you can say you went down with the Bitcoin ship. 🚢💥

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2025-04-18 18:33