The latest video on the Cointelegraph YouTube channel titled “What was Michael Saylor’s Mistake?” has sparked a thought-provoking conversation. The authors of the video analyze Michael Saylor’s past investment decisions in the crypto world, exploring whether these actions were mistakes or calculated moves.
One of the mistakes the authors point out is Saylor’s strategy of buying Bitcoin (BTC) at its peak prices, which is often referred to as “FOMO buying.” They argue that this approach is not ideal and can lead to poor investment outcomes.
Another mistake highlighted is Saylor’s lack of diversification in his portfolio. He heavily focuses on Bitcoin (BTC) and neglects other cryptocurrencies. As an example, the authors mention the recent addition of 12,000 BTC to MicroStrategy’s Bitcoin treasury reserve at a price of around $68,477.
While some commentators agree with the authors and criticize Saylor for buying at Bitcoin’s price peaks, others defend him passionately, stating that those who criticize him don’t understand the market.
During the discussion, some users raised suspicions about the motives behind the video’s production, speculating if a whale with a significant short position on MicroStrategy paid for its creation.
Others compared Saylor’s investment approach to that of the average crypto investor, noting that he buys when prices go up but doesn’t buy when prices drop.
The debate took a humorous turn when a commentator likened critiquing Saylor to questioning Lionel Messi’s goal-scoring ability, suggesting that it’s pointless.
In the midst of these lively exchanges, the video encourages viewers to consider the complexities of Saylor’s journey and the broader implications for cryptocurrency investments.
Readers are invited to join the heated discussion in the comments section, where perspectives clash over Saylor’s perceived missteps or strategic moves.
In a related article, Vance Spencer, a permabull in the crypto world, explains his belief in the inevitability of cryptocurrency and why he went “all in” on it.