TL;DR
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If US buyers need to put money into Bitcoin (with out straight shopping for it), they beautiful a lot have one alternative, and one alternative solely: purchase shares in MicroStrategy.
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However with current speak of a possible Bitcoin ETF, there are issues concerning the defensibility of the enterprise mannequin.
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MicroStrategy counters that argument, with some superbly easy reasoning:
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If buyers get the inexperienced gentle for ETFs, they’ll pour truckloads of money into Bitcoin. Which is able to jack up the value of Bitcoin – and guess who owns 153,000 BTC? MicroStrategy.
Full Story
Michael Saylor might not be 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 straight shopping for it), they beautiful a lot have one alternative, and one alternative 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 issues concerning the defensibility of the enterprise mannequin.
(Why purchase into MicroStrategy, when there is a devoted Bitcoin fund out there?)
Mike counters that argument, with some superbly easy reasoning:
If these big-shot buyers get the inexperienced gentle for ETFs, they’ll pour truckloads of money into Bitcoin.
And guess what that does? It jacks up the value 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 thought of latest competitors from a risk to an benefit.
(That is most likely why MicroStrategy has purchased an extra 5,445 BTC for $150M since August, now holding almost $4.68B of BTC).
It appears the one solution to beat Michael Saylor is to not compete within the first place.
