Whether you are Team Bitcoin or not, you are about to ride the crypto coaster.
Because, if you’ve invested in the Nasdaq 100, you’re about to get automatic, leveraged exposure to the ultimate Bitcoin proxy: MicroStrategy.
Let us explain. Nasdaq announced last week that MicroStrategy will join the prestigious non-financial, tech-heavy Nasdaq 100 benchmark on 23 December.
That means anyone holding the wildly popular Invesco QQQ Trust (aka the $ 328 billion ETF tracking the Nasdaq 100), you will automatically become a buyer of $MSTR.
$MSTR is up nearly 500% in 2024 as retail traders chase its massive Bitcoin buys. With the OG crypto smashing the $100K mark, demand for $MSTR has exploded.
But let’s talk about volatility. MicroStrategy is Bitcoin on steroids. While Bitcoin moves 5% or more about 13% of the time, MicroStrategy does it 38% of the year. Strap in.
Also, if you are a $MSTR apologist, don’t come at us with the “tech” angle. Ok, there is a small software business that pulls in about $500 million annually. But 80% of MicroStrategy’s assets are in Bitcoin.
The math is simple: Bitcoin climbs, $MSTR rockets. Bitcoin drops? Prepare for turbulence.
