TL;DR
Full Story
At this level you already know there are a number of methods to spend money on Bitcoin with out really holding Bitcoin.
(Should 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 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 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 biggest BTC holding of any publicly traded firm/fund.
MicroStrategy Government 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 offer you a level of separation from really 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 manner, they every deliver extra of us into the crypto world.
(And who doesn’t love that).
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