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TL;DR
If US buyers need to put money into Bitcoin (with out immediately shopping for it), they stunning a lot have one selection, and one selection solely: purchase shares in MicroStrategy.
However with current discuss of a possible Bitcoin ETF, there are considerations concerning the defensibility of the enterprise mannequin.
MicroStrategy counters that argument, with some fantastically easy reasoning:
If buyers get the inexperienced mild for ETFs, they are going to pour truckloads of money into Bitcoin. Which is able to jack up the worth of Bitcoin – and guess who owns 153,000 BTC? MicroStrategy.
Full Story
Michael Saylor is probably not a reputation you see listed among the many world’s prime entrepreneurs.
However within the class of “Entrepreneurs Whose Entire Treasury Mannequin Is Fairly A lot Simply ‘Shopping for Bitcoin,’” he is the G.O.A.T.
In truth, Mike has all however cornered the market!
If US buyers need to put money into Bitcoin (with out immediately shopping for it), they stunning a lot have one selection, and one selection solely:
Purchase shares in Mike’s firm, MicroStrategy.
However with main monetary corporations now submitting for Bitcoin Change Traded Funds (ETFs) – which might purchase and maintain Bitcoin, similar to MicroStrategy – there have been some considerations concerning the defensibility of the enterprise mannequin.
(Why purchase into MicroStrategy, when there is a devoted Bitcoin fund accessible?)
Mike counters that argument, with some fantastically easy reasoning:
If these big-shot buyers get the inexperienced mild for ETFs, they are going to pour truckloads of money into Bitcoin.
And guess what that does? It jacks up the worth of Bitcoin.
And guess who owns 153,000 BTC? MicroStrategy.
By getting in early and accumulating over the previous three years, MicroStrategy has primarily turned the concept of recent competitors from a risk to a bonus.
(That is most likely why MicroStrategy has purchased an additional 5,445 BTC for $150M since August, now holding practically $4.68B of BTC).
It appears the one solution to beat Michael Saylor is to not compete within the first place.
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