There's an interesting pattern: when Forbes puts someone on the cover, it's usually either the height of a bubble or the beginning of a fall.

Elizabeth Holmes (Theranos) – a revolution in medicine? It turned out to be fake.

Is Sam Bankman-Fried (FTX) the "genius" of crypto exchanges? The end is known.

Adam Neumann (WeWork) – a new look at offices? The company almost collapsed.

Now on the cover is Michael Saylor, the man who bet everything on bitcoin.

And here's what's interesting:

• Elizabeth Holmes made the cover in 2014, and the scandal broke out a year later.

• Sam Bankman-Fried was on the cover in October 2021, and the trial began two years later.

• Adam Neumann was ranked by Forbes in 2016, and WeWork collapsed in 2019 – three years later.

Saylor is on the cover now. Did the timer go off?

What does it mean?

1. Or we are at the peak of hype, and MicroStrategy is about to be dealt (which, by the way, looks unlikely if you look at the structure of their positions).

2. Or Forbes has finally lost its ability to predict the fate of businessmen, and Saylor simply becomes a symbol of a new financial reality.

But what's really interesting is that when the media puts someone on a pedestal, it's often a signal to change the cycle. The question is, what is the scale of the change and when?

Let me remind you that Brian Armstrong was also posted earlie on the cover of Forbes.

Do you think this is a sign of the top, or vice versa, the beginning of bitcoin's mainstream recognition?