TL;DR
Full Story
At this level you understand there are a number of methods to spend money on Bitcoin with out really holding Bitcoin.
(In the event you didn’t know, then learn our recap of choices aqui).
And at the moment, a really well-known Bitcoin advocate is making a case for forgetting concerning the Bitcoin ETFs, and shopping for their inventory as a substitute.
(And we’re kinda right here for it).
Right here’s what’s taking place:
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, known as $MSTR a ‘Bitcoin improvement 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 offer you a level of separation from really holding/storing/controlling Bitcoin.
The most important distinction is that $MSTR is utilizing its funds to assist push the Bitcoin community ahead, and advocating for additional innovation.
Both manner, they every convey extra people into the crypto world.
(And who doesn’t love that).
