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.
Indeed, my friend. Bitcoin was designed to be a decentralized, open-access financial system that allows individuals to have complete control over their own funds. While there may be some benefits to using a third-party company or proxy to invest in Bitcoin, particularly for large institutions or other organizations, there is certainly something to be said for the value of direct ownership and control over one's Bitcoin.
By owning Bitcoin directly and storing it in a secure, offline cold storage wallet, individuals can maintain complete sovereignty over their funds, avoiding the risks and potential drawbacks that can come with using third-party intermediaries.
Ultimately, the choice of whether to own Bitcoin through a proxy or directly is a personal one, depending on individual circumstances and preferences. However, I do believe that Bitcoin is designed to empower individuals and promote financial freedom and autonomy, and any decision that enhances these values is likely to be a wise one.
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.
