THREAD: The most important financial story that no one understands.

On March 20, 2000, a man lost 6 BILLION dollars in a single day.

Not over the course of months. Not over the course of weeks.

Six and a half hours.

The SEC confirmed this. The Washington Post documented it as "the largest loss that any person has ever had in 24 hours."

His name was Michael Saylor.

Today he controls 672,497 Bitcoin.

That represents 3.2% of all Bitcoins that will ever exist.

Cost basis: 50.44 billion dollars.

Here’s what Wall Street missed:

The same psychology that allows someone to absorb a loss of 6 billion dollars without falling apart is IDENTICAL to the psychology that allows a concentrated belief in a single volatile asset.

This is not recklessness.

This is the architecture of trauma.

The crisis of 2000 taught him: Accounting profits are fiction. Regulators can restart them overnight.

The Fed's response in 2020 taught him: Fiat currency is fiction. Central banks can depreciate it overnight.

Bitcoin has no profits to reboot. Bitcoin has no central bank to depreciate it.

He found the antithesis of everything that destroyed him.

Falsifiable prediction:

By December 2026, Saylor will either be valued at 50 billion dollars or will face his second catastrophic loss in a single career.

There is no average outcome.

The arithmetic is ruthless.

The man who said that Bitcoin has "its days numbered" in 2013 (that Twitter post still exists) now holds more than any corporation, any sovereign wealth fund, any individual besides Satoshi.

Genius or compulsion to repeat?

The verdict will arrive by 2030.