Economist who correctly predicted the 2008  crash warns Bitcoin to zero

Jun 16, 2026 9:04 PM

MicroStrategy’s "infinite money glitch" is officially dead. The strategy of issuing stock to buy Bitcoin only works at a premium; now that shares trade at a discount, every new purchase actually dilutes existing holders. Michael Saylor is overpaying for Bitcoin while his fundraising costs skyrocket, making MSTR the absolute worst way to play the crypto market. Is this the beginning of a mathematical death spiral for the world’s biggest corporate holder? What’s your take?
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