THREAD: The most important financial story nobody understands
March 20, 2000, was a day that changed everything for Michael Saylor. He lost $6 BILLION in just 6.5 hours. Yes, you read that right - $6 billion in a single day! The SEC confirmed it, and The Washington Post called it "the most any single person had ever lost in 24 hours."
But here's the twist: this massive loss didn't break him. Instead, it shaped him. Today, Saylor controls 672,497 Bitcoin - that's 3.2% of all Bitcoin that will ever exist. His cost basis? A staggering $50.44 billion.
So, what did Wall Street miss? The psychology that enables someone to absorb a $6B loss without breaking is the same psychology that drives concentrated conviction in a single volatile asset. This isn't recklessness; it's trauma architecture.
The 2000 crash taught Saylor that accounting profits are fiction, and regulators can restate them overnight. The 2020 Fed response showed him that fiat currency is fiction, and central banks can debase it overnight. Bitcoin, with no earnings to restate and no central bank to debase it, became his antithesis.
Here's the falsifiable prediction: by December 2026, Saylor will either be worth $50B+ or face his second catastrophic loss. There is no middle outcome. The arithmetic is merciless.
The man who said Bitcoin's "days are numbered" in 2013 now holds more Bitcoin than any corporation, sovereign wealth fund, or individual except Satoshi. Genius or repetition compulsion? The verdict arrives by 2030.
Bookmark this thread, and let's revisit it in the future. $BTC 🚀
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