Choose Your Fighter: BTC ETFs vs. MicroStrategy

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At this point you know there are a few ways to invest in Bitcoin without actually holding Bitcoin. 

(If you didn’t know, then read our recap of options aqui).

And today, a very well known Bitcoin advocate is making a case for forgetting about the Bitcoin ETFs, and buying their stock instead.

(And we’re kinda here for it).

Here’s what’s happening: 

In 2020, MicroStrategy ($MSTR) traded in its cash holdings for BTC (and has continued buying ever since) — to the point that, now, MicroStrategy’s bag of 190,000 BTC (~$8 Billion USD) is the largest BTC holding of any publicly traded company/fund.

MicroStrategy Executive Chairman/Bitcoin mega bull, Michael Saylor, called $MSTR a ‘Bitcoin development company’ — and then committed to help push the development of the Bitcoin network.  

Here’s the big takeaway: 

Whether you’re buying shares in MicroStrategy or a Bitcoin ETF, both give you a degree of separation from actually holding/storing/controlling Bitcoin.

The major difference is that $MSTR is using its funds to help push the Bitcoin network forward, and advocating for further innovation. 

Either way, they each bring more folks into the crypto world.

(And who doesn’t love that).