For Bitcoin Believers Musk and Saylor, a Reckoning Looms

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The Street

By Luc Olinga Elon Musk and Michael Saylor lead, respectively, Tesla and MicroStrategy, which bet big on the king of cryptocurrencies. Billionaires Elon Musk and Michael Saylor shortly are going to be in sharp focus. The first assessments of the potential losses that their big bets on bitcoin have sustained is approaching. Through the companies they lead, Tesla (TSLA) – Get Tesla Inc. Report for Musk and MicroStrategy (MSTR) – Get MicroStrategy Incorporated Report for Saylor, they have bet on the king of cryptocurrencies. If this risky bet paid off in 2021, a year marked by cryptomania, it now…

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