“There’s 10 Reasons Why Bitcoin is Crashing” | Michael Saylor


  1. “Wash rule” makes it easy to sell Bitcoin and buy back and harvest the ta tax loss, unlike Bitcoin
  2. 520 exchanges with 20x leverage need to be regulated
  3. 19000 unregistered crypto securities
  4. wildcat banks like Celsius and Terra Luna need to be regulated, mature
  5. people think crypto is the same as Bitcoin
  6. we don’t have a stablecoin. If we get an FDIC stablecoin that will be bullish
  7. There is no spot ETF.
  8. FASBE accounting makes it difficult to hold.
  9. Lack of FDIC guidance makes it difficult/impossible for Banks to hold
  10. CFTC Guidance