MicroStrategy Warns Bitcoin Investors: Be Prepared for a 93% Crash

MicroStrategy's Executive Chairman Michael Saylor has shared a Bitcoin guide that warns investors about the potential risks of investing in the asset. The document highlights that Bitcoin has already experienced a 93.1% crash in its trading history, specifically at the 2011 low.

The guide emphasizes that even if an investor is correct about Bitcoin's long-term appreciation, they can still lose money due to various factors such as leverage, option decay, and corporate risks.

Saylor himself has experienced a significant loss with his company in the past. In 2000, MicroStrategy restated three years of revenue, leading to a stock price drop of 62% in a single day.