So, even though MSTR could generate higher returns, I will still continue to self-custody my BTC instead of investing in MicroStrategy's MSTR and then putting my faith in Michael Saylor's decisions. And even though Michael Saylor has asserted that MicroStrategy will never sell BTC [5], I think the question is only "when" and not "if".
I would like to know your views on investing in BTC and MSTR:
- Do you choose to invest in BTC or MSTR? Why?
- Will MSTR continue to generate better returns than BTC?
- Is an investment in MSTR safer than an investment in BTC?
I'm not based in the US so I can't invest in MSTR, but it's really attractive if chosen based on profit performance.
1. If possible, I would choose both: a majority holding in BTC for safety and high returns, and a smaller portion to buy MSTR with higher risk but also proven higher returns by data.
2. In a bull run, the rising price of BTC will drive up the price of MSTR, especially through financial leverage and thanks to the large number of investors and strong capital flow on the stock exchanges, MSTR will increase in price even more than BTC.
3. As you mentioned, I also don't believe MSTR is safer than BTC. That means investing in MSTR is no safer than investing in BTC, it's just more accessible to traditional investors who want to diversify their portfolio with a BTC-related stock.