TL;DR
MicroStrategy CEO’s $13M Bitcoin prediction implies a $260T market cap—larger than the entire S&P 500. History teaches us speculative bubbles always burst, leaving victims like John, who lost his life savings, in the dust.
Story
Michael Saylor, MicroStrategy’s CEO, predicts Bitcoin will hit $13 million in 20 years. That’s like saying a tulip bulb will be worth a house—during a tulip mania.
Let’s break down the absurdity. Saylor’s $13 million Bitcoin assumes a $260 trillion market cap.‣ Market Cap: Total value of all coins. The entire S&P 500, which includes giants like Apple and Microsoft, isn’t even worth $50 trillion! This prediction ignores basic economics, screaming “hype” louder than a used car salesman.
Remember the 2008 housing crash? People believed prices could only go up. Sound familiar? Blind faith, fueled by influencers like Saylor, can lead to financial ruin. John, a retired teacher, bet his life savings on a similar “can’t-miss” crypto tip. He lost everything.
History repeats itself. From the Dutch Tulip Mania to the dot-com bubble, speculative bubbles always burst. Don’t be John. Don’t be another victim. Be skeptical. Be informed.
Advice
Don’t fall for hype. Research before investing. If it sounds too good to be true, it probably is.