TL;DR
Full Story
At this level you recognize there are a number of methods to put money into Bitcoin with out truly holding Bitcoin.
(If you happen to didn’t know, then learn our recap of choices aqui).
And immediately, 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 occurring:
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 Govt Chairman/Bitcoin mega bull, Michael Saylor, referred to 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 truly holding/storing/controlling Bitcoin.
The foremost distinction is that $MSTR is utilizing its funds to assist push the Bitcoin community ahead, and advocating for additional innovation.
Both approach, they every convey extra of us into the crypto world.
(And who doesn’t love that).
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