Investing in Bitcoin has been a hot topic for years now, with many individuals and companies jumping on the bandwagon. One company that has been making waves in the Bitcoin space is MicroStrategy. With their strategic bitcoin reserve strategy, MicroStrategy has become one of the largest holders of BTC, currently holding 446,400 BTC.
Recently, I made the decision to invest in MicroStrategy, along with a couple of other companies that also hold bitcoin on their balance sheets. This decision came after reading an interesting thread by Jeremy Garcia, the founder and CEO of Satoshi’s Journal, where he summarized MicroStrategy’s Q3 2024 earnings call. This got me thinking about the potential for companies like MicroStrategy to become incredibly valuable in the future if Bitcoin reaches the price levels that many predict.
MicroStrategy’s CEO, Michael Saylor, has been vocal about the company’s plans to continue buying more bitcoin. With their current holdings and future potential, it’s not hard to see why investing in MicroStrategy could be a smart move. If Bitcoin does reach astronomical prices, as many believe it will, then companies like MicroStrategy could see their stock prices soar.
While I have been a staunch Bitcoin supporter and have only invested in the cryptocurrency in the past, I felt that diversifying my portfolio with some exposure to companies like MicroStrategy could be a wise decision. Not only does it give me the opportunity to potentially earn more fiat that I can then use to buy more bitcoin, but it also provides a safety net in case something unforeseen happens to my bitcoin holdings.
At the end of the day, I am bullish on Bitcoin and believe that companies and individuals betting on its success will likely succeed as well. Investing in companies like MicroStrategy is a way for me to get exposure to the potential upside of Bitcoin’s success while also hedging against any potential risks. While this decision may not be for everyone, I believe it is a calculated risk worth taking.
This article is not financial advice, but rather a reflection of my personal investment decisions as a Bitcoin enthusiast. As I continue to navigate the world of investing, I am excited to see where my investments in companies like MicroStrategy will take me.