- In terms of credibility: some view MicroStrategy, a well-established company, as a more credible investment than BTC itself. They believe investors gain exposure not just to BTC but also to the experience of MicroStrategy's leadership [4]. However, Bitcoin's strength lies in its decentralized nature. Existing for over a decade, it operates independently of any individual, company, or government. This decentralization fosters trust for many investors, myself included, compared to a traditional public company.
If BTC falls, Microstrategy will fall too, ever since they started getting involved with BTC their stock became tied to BTC price. However, Microstrategy is also perfectly capable of screwing things up on their own, like dabbling into altcoins, dumping their BTC, and in general doing stupid decisions. So compared to BTC it's extra risky, since it has all the risks of BTC plus their own.