Look, I know I’m late to the party.
I remember covering MicroStrategy’s first Bitcoin purchase, and watching the stock rise from $14 to $400 per share. In all that time, I didn’t buy.
However, last Friday, for the first time since 2018, I bought stocks — specifically MicroStrategy (MSTR) and two other companies that also hold bitcoin on their balance sheets. It was something I never thought I would do again.
In 2018, I sold all my stocks for more Bitcoin when the price collapsed into the $3,000 range, and I haven’t bought any asset other than Bitcoin since.
That changed this week. I was reading this interesting topic from Jeremy GarciaFounder and CEO of Satoshi MagazineAnd it was summary MicroStrategy’s Q3 2024 earnings call earlier this year. It made me come to some realization.
First, if Bitcoin manages to reach a price in the hundreds of millions and beyond, it makes sense to get some exposure to a company that now owns 446,400 Bitcoins, is traded on the Nasdaq 100, and has future potential. From joining the Standard & Poor’s 500 index.
This strategic Bitcoin reserve strategy has the potential to make MicroStrategy one of the most valuable, if not the most valuable, companies in the world, and MicroStrategy will continue to buy more Bitcoin, according to Michael Saylor himself.
If MicroStrategy were to become the most valuable company in the world, its stock price today would be vastly undervalued compared to what it will be at that point in the future. Why don’t I buy some? I already feel stupid enough not to buy any. Granted, my Bitcoin performed very well, however MSTR It has outperformed Bitcoin.
I know I can just buy spot bitcoin, and that’s probably the safest play. But I’ve also been accumulating Bitcoin for a long time, and I’m interested in allocating some capital to buy shares in companies that are also betting on Bitcoin’s future success.
I will earn more fiat which I can then take and buy more Bitcoin (if stocks outperform BTC) but even if they don’t, it gives me the opportunity to take profits and use them for life’s expenses.
Another thing on my mind is what if something unexpected happens in the future and I mess up and lose my Bitcoin bundle due to a personal mistake.
I’ll admit, I get anxious knowing that even though I’ve thought about saving my Bitcoin, and taken the necessary steps to properly secure my coins, something could still go wrong.
In this way, the idea of having some other assets to fall back on if this happens is a positive one.
Look, I’m bullish on Bitcoin. If Bitcoin succeeds, I think the companies, individuals, and countries that adopt it will likely succeed as well.
I love winning, and I want to learn about companies that also win big awards. If I’m wrong about these bets so be it, it’s just a small allocation to my overall portfolio. But the potential upside is worth the time and risk I think.
None of this is financial advice, I’m just sharing my thoughts on what I do as a Bitcoin user. For now, this means I will buy MSTR.
This article is a takes. The opinions expressed are entirely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.
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