So while I like the idea of putting this trade again, I am a little bit cautious given past experiences.
Is good being cautious. While MSTR Woulf benefit from Bitcoin incoming rally
we hitting golden cross around month end MSTR can't keep up with it for now since the treasury market is flowing with new entrants.
That's another advantage Bitcoin has. There can be only one Bitcoin but treasury companies are increasing.
Currently trading below $400
Bitcoin is considered a unique asset of 21 million. On the other hand, the number of treasury companies is increasing. With the growth of companies like MicroStrategy, the unique value of MSTR will naturally start to decrease. Since the share price of MSTR is related to various aspects of the company, there will definitely be more risk. Especially if for some reason the market is down, then this fall will cause a bigger fall in the share price of their company, that is, if the amount of loss is 1x in investing in Bitcoin, then in the case of MSTR it can be 2x or 3x, which is the case with normal leveraged exposure. When ETF trading was not approved, there was interest in buying MSTR from the stock market, but after the approval of ETF, people can now trade Bitcoin directly.