5 years of data is as arbitrary as, say, the last 3 months. Sentiment for Saylor’s paper BTC stock is in the gutter.
Discussion
It’s not. 5 years ago is when MSTR started their Bitcoin strategy. If I had said, 3 years and 2 months that would have been arbitrary.
Whatever you need to tell yourself to cope. Peter Schiff says the same thing about Bitcoin every correction and every bear market.
There’s no coping and there’s no comparison either, MSTR is rooted in the fiat world no matter how hard anyone tries to spin it otherwise. It’s risky, a “give me 1 BTC, I’ll give you 2 BTC” scheme waiting to happen.
Should a bear market come, no one’s gonna hold onto that paper. Trading is boring.
Also, you can’t make an investment case based on historical performance alone. The value proposition of MSTR has been pretty dubious lately.