Tax and regulation is a big one. In the UK we can (currently) hold MSTR in a tax free account - accessible to cash in anytime (£20k additions per year). Explains the reason for such appetite for MSTR in the UK, as can’t do this with BTC.
Discussion
Yep, I’m in the UK also! Albeit for me what started out as a BTC proxy has developed out as something quite different. He’s tapping into insatiable demand for return from the capital markets, and making positive BTC yield per share in doing so.
Curios to know how you think about MSTR / BTC ETFs. I imagine the FCA will eventually get its act together and approve the ETFs in the UK, do you think there will be a big rotation? Do you think any material impact for MSTR?
Yes it’s a good question, but probably not to be honest. Lots of people predicted the same would happen to MSTR when the US ETFs came along, which turned out to be seriously wrong, so my guess is everyone tends to overthink these impacts.