What was Michael Saylor’s mistake?

On the Cointelegraph YouTube channel, a thought-provoking discussion has ignited under the latest video “What was Michael Saylor’s Mistake?”.

In the video, authors assess Michael Saylor’s past investment decisions, delving into the intricacies of his journey in the crypto realm. It presents an essay-style reflection of whether the renowned figure’s actions constitute missteps or calculated maneuvers. 

Where Saylor goes wrong

The authors call his strategy for acquiring Bitcoin (BTC) one of his mistakes. They argue that Michael Saylor frequently buys Bitcoin at its price peaks — a behavior often termed as “FOMO buying.” 

Another mistake attributed to Saylor is his failure to diversify his portfolio; he focuses solely on Bitcoin (BTC) and overlooks other cryptocurrencies. One of the latest examples of this, according to the authors, is the addition of another 12,000 BTC to MicroStrategy’s Bitcoin treasury reserve at a price of approximately $68,477.

While some commentators join the authors in endorsing criticism of Saylor’s approach to buying at Bitcoin price peaks, others staunchly defend him, asserting that “anybody criticizing Saylor right now knows nothing.” 

Related: Fact check: The myths surrounding Bitcoin ETFs

Skeptic perspectives 

Amid the discourse, additional suspicions began to swirl with some users suggesting ulterior motives behind the video’s production. “Did the whale that is stuck in its massive short on MicroStrategy pay to have this video made?” one skeptic pondered.

Others began to parallel Saylor’s actions with the average investor in the crypto space, saying: “He buys like all of us, as price goes up he FOMO’s in, when price tanks… he doesn’t buy.”

The debate took a humorous turn as another commentator likens critiquing Saylor to questioning Lionel Messi’s goal-scoring prowess: “Next video: ‘Could Lionel Messi have scored more goals?’”

Amid the vibrant exchanges, the video prompts viewers to consider the complexities of Saylor’s journey and the broader implications for cryptocurrency investment.

 Join the heated discussion in the comments section as perspectives clash over Saylor’s perceived missteps or strategic maneuvers.

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