Replying to Avatar Louis

It’s smart for Mr. Saylor to provide a bitcoin proxy through his company to allow institutions to expose to #bitcoin.

Tbh, if you want to own bitcoin, own it directly into cold storage. Avoid proxy. But if you really don’t have a choose, it’s too bad that you have to own it through a third party.

Bitcoin is designed for people that has the flexibility to make their own choices.
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343PG 2y ago

The news this week was telling. The likes of Bank of America can’t easily sign off direct Bitcoin holdings, but they can buy MSTR in a heartbeat. Similarly I hold some MSTR in a UK pension pot, with little other option within that medium (that I can see) for Bitcoin exposure.

I suspect MSTR will continue to undulate between over and under valued in future, depending on market sentiment and the realistic options out there for lots of different buyers.

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Bitcoin Luffy 2y ago

What are teh chances of a short squeeze in $MSTR?

It seems the stock is highly shorted by hedge funds and gold bugs.

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343PG 2y ago

Not sure, but it wouldn’t be too surprising at some stage - given they are levered to Bitcoin and a good proportion of shares are sold short