Photo by BeInCrypto MicroStrategy, now Strategy, has published a Bitcoin guide that warns buyers that the asset has already crashed 93.1% once. Executive Chairman Michael Saylor shared it over the weekend. The document devotes more space to losses, custody failures, and position sizing than to upside. What the MicroStrategy Bitcoin Guide Warns About That 93.1% drop, which occurred at the 2011 low, is the deepest in Bitcoin's trading history. The guide adds a worst one-year return of minus 83.6%. Its point is not about direction. It is about survival. Being right about Bitcoin over 10 years does not protect anyone over 10 months.High long-term Bitcoin returns with severe interim losses.
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