I expect crypto, like stocks to retract. But for some reason i hope Saylor will survive this bear market.
We've had so many idiots associated with crypto; Mcafee, Musk, Garza, Da Kown, it's good to have a normal person, a business person, being associated with crypto right?
New faces come to the crypto market every time and they try many things but fail. Elon Musk is another name that has tried to make a lot of impact in the crypto market and he has taken advantage of it. Such people will keep coming as time goes on and we have to see their nonsense activities. Micro strategy took entry into the market at a time when the bull market, I do not know if it was the decision of their financial advisor or the decision of the CEO to take entry at a high price!
Just an idea based on what I think I know about the american system....
Buy high with a long term horizon
Get a tax deduction on the losses you can spread over the years to come
It goes back up an you have profit and low taxes