Be warned about the risky situation of Microstrategy.
Everyone is looking at Microstrategy as an "ETF proxy".
They are buying a lot of BTC, and investors have flocked to MSTR because of that.
In case of an ETF approval, Microstrategy would lose all those investors, as the ETF is such a more efficient way of holding BTC.
In case you want to bet on ETF approval: Long GBTC, short MSTR!
Trading advice?
Long bitcoin.. I don't know about those intermediary products.. handle at your own risk.. bitcoin is risky enough.. why get into shitcoins?
Oh yeah, the topic of this thread happens to be MSTR related, and sure there is one thing to trade or buy stocks, and there is another thing to consider your own bitcoin allocation (and perhaps refrain from getting involved in those kinds of stocks) based on various information involving what some of the BIG players are doing (and maybe what they are saying?).
But many of us were into bitcoin before these new entrant BIGGER players.. even though GBTC has been an offered product since about 2014..
Some people, institutions and kinds of funds cannot hold BTC directly, but as individuals we can hold BTC directly... which surely seems to be a bit of a better product than the various kinds of products that may or may not be playing loosey-goosey with the coins that they hold. If we are already able to get exposure to bitcoin by holding the underlying (and managing our holdings of the underlying), do we find any value to be playing around with various kinds of other ways to get price exposure to bitcoin (yes, some of the BIG players can ONLY get exposure like that, as fillippone describes) - so another level of complexity regarding whether any of us should be playing that kind of a stock stacking game..beyond directly stacking sats through our own various methods of DCA, buying on dip and lump sum purchases. No?
Each of us is responsible for our own choices regarding how to go about these kinds of matters..and I am not even suggesting it is easy to hold your own coins or to manage your own keys and sometimes there can be some benefits in terms of having some exposure to more than just one way of holding bitcoin - careful, I am not referring to shitcoins here, because people will even go as far as going into shitcoins and considering that "diversification" into shitcoins is a good thing merely because other kinds of diversification might work, but does not necessarily mean that we should get into shitcoins, which may well be referred to as di-worsification, as some pundits have already labelled such a strategy... of how much spreading out of kinds of exposure is necessary/helpful rather than worse? hence the name, di-worsification.
