Michael Saylor’s bias against altcoins stems from his Bitcoin maximalism—he’s long called altcoins high-risk, even scams, believing Bitcoin’s decentralized scarcity makes it the only crypto with real value. That X post image, the "Psychology of a Market Cycle," mocks altcoin hype cycles, showing stages like "Euphoria" to "Depression" that Saylor likely sees as inevitable for altcoins. Yet, he’s recently softened, admitting altcoins might have a place in digital innovation. Classic maxi stance with a twist.