The Michael Saylor Strategy story will go down as one of the largest Ponzi schemes in modern history. 5 years ago, I warned everyone to avoid everything he says. This conman is littered with red flags, including massive financial losses, a history of drug addiction, and a pattern of defrauding and lying to investors. After adjusting for inflation, Saylor is now sitting on more than $11 BILLION in losses from his disastrous and reckless Bitcoin bets. He is very nervous right now, and rightly so. Every one of those Bitcoin purchases was made with borrowed money, meaning it all has to be paid back. Given that he cannot, Strategy’s bankruptcy is inevitable. This story is a lesson in trusting reality over hype. When a snake oil salesman promises infinite riches with zero risk, that is your signal to walk away. By the time the Bitcoin bubble fully unwinds, Saylor will be gone, either behind bars or disappearing with the keys.(Jacob King)