Choose Your Fighter: BTC ETFs vs. MicroStrategy
TL;DR
Full Story
At this level you recognize there are just a few methods to spend money on Bitcoin with out really holding Bitcoin.
(For those who didn’t know, then learn our recap of choices aqui).
And right this moment, a really well-known Bitcoin advocate is making a case for forgetting in regards to the Bitcoin ETFs, and shopping for their inventory as a substitute.
(And we’re kinda right here for it).
Right here’s what’s taking place:
In 2020, MicroStrategy ($MSTR) traded in its money holdings for BTC (and has continued shopping for ever since) — to the purpose that, now, MicroStrategy’s bag of 190,000 BTC (~$8 Billion USD) is the most important BTC holding of any publicly traded firm/fund.
MicroStrategy Government Chairman/Bitcoin mega bull, Michael Saylor, known as $MSTR a ‘Bitcoin growth firm’ — after which dedicated to assist push the event of the Bitcoin community.
Right here’s the massive takeaway:
Whether or not you’re shopping for shares in MicroStrategy or a Bitcoin ETF, each provide you with a level of separation from really holding/storing/controlling Bitcoin.
The most important distinction is that $MSTR is utilizing its funds to assist push the Bitcoin community ahead, and advocating for additional innovation.
Both means, they every carry extra of us into the crypto world.
(And who doesn’t love that).
