I remember vividly the day Michael Saylor's memes first graced my feed. I'd heard of the guy before, funnily enough, but as far as I remembered he was considered a foe of the movement, not a friend—and certainly not Bitcoin's loudest preacher. As the kids would say, it was always a little sus.
I don't remember who first explained the business model to me. It may have been one of 
How could it succeed? How could a business model survive if it effectively required green candles forever? It makes about as much sense as trying to control the weather with three box fans.
Of course, the market loves these performative bulls. It loves the wide-eyed enthusiasm, the memes, the catchy slogans, and yes, the arrogance.
For people gambling irresponsibly, this kind of spectacle becomes both a distraction and an opium. Call it copium, call it hopium—at this point, let's just throw every "-opium" on the table.
So what happened?
What changed?
Why has Bitcoin's biggest champion suddenly become, in many people's eyes, its biggest liability? The nemesis. The bringer of doom.
Hyperbole aside—and yes, it is hyperbole—I think the blame falls more on the consumers than on the dealer.
Am I victim blaming?
Maybe.
But that's only because we've expanded the definition of victim to include uninformed gamblers.
And believe me, I can say that because I was one of them.
I fell for the hype too. I believed the rags-to-riches story. I thought I was going to be one of the lucky ones.
That's why I think this pain is expected. Maybe even necessary.
Here's what worries me.
Bitcoin was designed to eliminate single points of failure. Yet somehow we've allowed a significant part of its public narrative to become intertwined with one man's leveraged strategy. When the market begins to see Bitcoin through the health of a corporate balance sheet instead of the strength of a decentralized network, we've introduced a fragility that Bitcoin was supposed to remove in the first place.
If that strategy ever unravels, the damage won't just be financial. It'll be psychological. Confidence is part of every market, and once that's shaken, fear spreads far faster than reason.
I'll say this much:
I'm confident Michael Saylor will go down in history as the man who almost killed Bitcoin.
Not because he wanted to.
But because millions of people convinced themselves that Bitcoin needed a messiah.
What a time to be alive.
MenO
