TL; DR
Full story
At this point you know that there are a few ways to invest in Bitcoin without Bitcoin Actually Holding Bitcoin.
(If you didn’t already know, read our summary of the options aqui).
And today, a very well-known Bitcoin proponent is advocating to forget about Bitcoin ETFs and buy them their stock instead.
(And we’re kind of in favor of it).
This is what happens:
In 2020, MicroStrategy ($MSTR) traded its cash holdings for BTC (and has continued to buy ever since) – to the point that MicroStrategy’s bag of 190,000 BTC (~$8 billion USD) is now the largest BTC holding of any public fund. traded company/fund.
MicroStrategy Executive Chairman/Bitcoin mega bull Michael Saylor called $MSTR a “Bitcoin development company” – and then promised to help fuel the development of the Bitcoin network.
Here’s the big takeaway:
Whether you buy shares in MicroStrategy or a Bitcoin ETF, both give you a degree of distance Actually Hold/store/control Bitcoin.
The big difference is that $MSTR uses its money to advance the Bitcoin network and advocate for further innovation.
Either way, they’re all bringing more people into the crypto world.
(And who doesn’t like that).
