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The Only Way To Beat MicroStrategy Is to Not Compete in the First Place

TL;DR

  • If US investors want to invest in Bitcoin (without directly buying it), they pretty much have one choice, and one choice only: buy shares in MicroStrategy.

  • But with recent talk of a potential Bitcoin ETF, there are concerns about the defensibility of the business model.

  • MicroStrategy counters that argument, with some beautifully simple reasoning:

  • If investors get the green light for ETFs, they’re going to pour truckloads of cash into Bitcoin. Which will jack up the price of Bitcoin – and guess who owns 153,000 BTC? MicroStrategy.

Full Story

Michael Saylor may not be a name you see listed among the world’s top entrepreneurs.

But in the category of “Entrepreneurs Whose Whole Treasury Model Is Pretty Much Just ‘Buying Bitcoin,’” he’s the G.O.A.T.

In fact, Mike has all but cornered the market!

If US investors want to invest in Bitcoin (without directly buying it), they pretty much have one choice, and one choice only:

Buy shares in Mike’s company, MicroStrategy.

But with major financial firms now filing for Bitcoin Exchange Traded Funds (ETFs) – which would buy and hold Bitcoin, just like MicroStrategy – there have been some concerns about the defensibility of the business model.

(Why buy into MicroStrategy, when there’s a dedicated Bitcoin fund available?)

Mike counters that argument, with some beautifully simple reasoning:

If these big-shot investors get the green light for ETFs, they’re going to pour truckloads of cash into Bitcoin.

And guess what that does? It jacks up the price of Bitcoin.

And guess who owns 153,000 BTC? MicroStrategy.

By getting in early and accumulating over the past three years, MicroStrategy has essentially turned the idea of new competition from a threat to an advantage.

(That’s probably why MicroStrategy has bought a further 5,445 BTC for $150M since August, now holding nearly $4.68B of BTC).

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It seems the only way to beat Michael Saylor is to not compete in the first place.

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