This was a really good point I had not considered before;
"Another interesting point - Michael Saylor owns the most BTC apart from Satoshi Nakamoto. Most of the BTC his company has purchased has been financed via debt. If the price of BTC drops to a certain level he will have no choice but to sell all of his bitcoin to pay off creditors. Dumping 200,000 BTC on the market (for example) could easily cause a crash. But I think this is the weakest argument for why I believe BTC will fail."
That seems logical, and yes it could well cause a crash. Will be interesting to see how that plays out.
"Another interesting point - Michael Saylor owns the most BTC apart from Satoshi Nakamoto. Most of the BTC his company has purchased has been financed via debt. If the price of BTC drops to a certain level he will have no choice but to sell all of his bitcoin to pay off creditors. Dumping 200,000 BTC on the market (for example) could easily cause a crash. But I think this is the weakest argument for why I believe BTC will fail."
That seems logical, and yes it could well cause a crash. Will be interesting to see how that plays out.