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Look, I do know I’m late to the occasion.
I bear in mind protecting the information of MicroStrategy’s first bitcoin buy, and I’ve watched the inventory rise from $14 to $400 per share. All that point, I didn’t purchase.
But, this previous Friday, for the primary time since 2018, I purchased shares — particularly MicroStrategy (MSTR) and a pair different firms additionally holding bitcoin on their stability sheets. It was one thing I by no means thought I’d do once more.
In 2018, I bought all my shares for extra bitcoin when the worth crashed into the $3,000 vary, and I’ve not bought some other asset than bitcoin since then.
That modified this week. I used to be studying this attention-grabbing thread from Jeremy Garcia, founder and CEO of Satoshi’s Journal, and he was summarizing MicroStrategy’s Q3 2024 earnings name from earlier this 12 months. It made me come to some realizations.
First, if bitcoin goes to achieve reaching a value within the tons of of hundreds of thousands and past, then it is smart to get some publicity to an organization that now holds 446,400 BTC, is buying and selling within the Nasdaq 100 Index, and has the longer term potential of becoming a member of the S&P 500.
A strategic bitcoin reserve technique has the potential to make MicroStrategy one of the crucial, if not probably the most, invaluable firm on this planet, and MicroStrategy is simply going to proceed to purchase extra bitcoin, in line with Michael Saylor himself.
If MicroStrategy is to change into the world’s most useful firm, then their inventory value in the present day can be extraordinarily undervalued to what it will be at that time sooner or later. Why wouldn’t I purchase some? I already really feel dumb sufficient for not shopping for any. Certain my bitcoin has carried out extraordinarily effectively, however MSTR has outperformed bitcoin.
I do know I might simply purchase spot bitcoin, and perhaps that’s the most secure play to make. However I’ve additionally been accumulating bitcoin for a very long time, and am focused on allocating some capital to purchase shares in firms additionally betting on bitcoin’s future success.
I’d be incomes extra fiat that I might then take and purchase extra bitcoin (if the shares outperform BTC) however even when they don’t, it provides me the chance to take revenue and use it for all times bills.
One other factor behind my thoughts is, what if one thing unexpected occurs sooner or later and I mess up and lose my bitcoin stack resulting from a private error.
I’ll admit, I’ve anxiousness figuring out that regardless that I’ve thought out my bitcoin custody, and brought the mandatory steps to correctly safe my cash, one thing might nonetheless go fallacious.
On this manner, the considered having another property to fall again on simply in case is a optimistic.
Look, I’m bullish on bitcoin. And if bitcoin succeeds then I believe the businesses, people, and international locations adopting it would seemingly succeed as effectively.
I like profitable, and need to get some publicity to firms additionally profitable huge. If I’m fallacious on these bets then so be it, it’s solely a small allocation to my total portfolio. However the potential upside is well worth the time and threat I believe.
None of that is monetary recommendation, I’m simply sharing my ideas on what I’m doing as a Bitcoiner. For now, meaning I’m shopping for MSTR.
This text is a Take. Opinions expressed are completely the creator’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.
