‘Bitcoin a better investment than MicroStrategy’

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 64 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 68%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

MSTR stood at $1,704, marking a 66.65% increase whereas, Bitcoin was priced at $70,849, with a 15.8% one-month rise.

The market seems to have been on a lower end with major coins and stocks experiencing a downturn. Data shows that MicroStrategy plummeted by 11.18% in just one day whereas,

However, when it comes to the overall value, MSTR stood at $1,704, marking a 66.65% increase over the month. In contrast, Bitcoin was priced at $70,849, with a 15.8% one-month rise. “The days when MicroStrategy shares represented a rare, unique way to gain access to Bitcoin are long over.” This highlighted that the current valuation of MicroStrategy is excessively high compared to the value of BTC, which it holds as an asset.Following the approval of multiple spot BTC exchange-traded funds this year, Kerrisdale Capital believes there’s decreasing motivation for investors to trade MicroStrategy stocks for Bitcoin exposure.“We are long bitcoin and short shares of MicroStrategy, a proxy for bitcoin which trades at an unjustifiable premium to the digital asset that drives its value.

At last, Kerrisdale Capital hinted at its favoritism for BTC over MSTR stock due to its superior value proposition. The present decline of MSTR’s stock growth, by 11.18% on the day, further reinforces the Kerrisdale argument for direct BTC investment.Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 22. in BR

Brasil Últimas Notícias, Brasil Manchetes