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| “Google is what happens when we pool information energy on a software network. Everyone understands this. Bitcoin is what happens when we pool monetary energy on a software network. Few understand this.”
-Michael J. Saylor |
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| Howdy, investors!
Today, we're taking another look at MicroStrategy and Michael Saylor's drive to stack up over $5 billion in BTC over the past several years. While we agree with the dollar cost averaging strategy for individuals, we have additional research on why we would stay away from investing in $MSTR.
Speaking of bitcoin investing, markets are preparing themselves for the possibility of the first U.S. spot bitcoin ETF being approved later this week. Some skeptics worry an approval will spark a "Buy the rumor, sell the news" reaction. We'll explain how Coinbase ($COIN) could be a great side investment.
There's been some mysterious stuff happening with bitcoin this past weekend. First, $1.2 million in BTC was transferred to Satoshi Nakamoto's Genesis wallet on Jan. 5. Then, a user spent $64,000 in fees to inscribe what appears to be an encrypted message on the bitcoin blockchain. Our $64,000 question is whether the two events are linked, and if they mean Satoshi Nakamoto is preparing to rejoin us.
Read on to explore more! |
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Why MicroStrategy is Betting the Farm on Bitcoin by John Hargrave and Preetam Kaushik |
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| Today's article goes deeper into MicroStrategy's significant investment in bitcoin under CEO Michael Saylor's leadership. MicroStrategy has seen its stock price soar due to its bitcoin strategy, despite its volatile nature and strong correlation with bitcoin's price.
It goes without saying that MicroStrategy's bitcoin holdings are substantial compared to other public companies and even some governments (with over 189,000 BTC).
But does that make $MSTR a good buy?
Saylor's approach contrasts with more diversified investment strategies like BMJ's Blockchain Believers and Future Winners portfolios. Because of its heavy investment in BTC, MicroStrategy faces challenges like regulatory compliance and scrutiny by the SEC.
The question we ask is this: what is the sustainability of MicroStrategy's heavy reliance on bitcoin, and whether $MSTR stock or BTC is the better investment choice?
Read the Full Article Here >> |
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| Premium Power-Ups Level up your crypto investing game. |
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| New For Premium Members: Our Monthly "Blockchain Best Buys"
If we may... we'd like to hype up the writers, analysts, and team members who have been putting out top-tier crypto investing content every week.
That's why we're putting together a new monthly roundup of their best investing ideas from the previous month.
Consider this your at-a-glance list of our blockchain best buys, in one easy-to-read list.
For example, we highlighted our bullishness on Coinbase ($COIN) shares in the past month. And COIN was up 30% in December.
That's just one of the great finds you'll read about in this month's "Blockchain Best Buys."
Not yet a Premium member? Sign up now and get access to our monthly best buys, our proprietary crypto portfolios, and our monthly BMJ token drops! |
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| Must Read Today's most important stories for crypto investors. |
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| It's safe to say that the SEC's upcoming decision regarding a bitcoin spot ETF is set to have a massive impact on the crypto market. Major financial players like BlackRock and Fidelity Investments have been competing to introduce the first of these funds, and bitcoin's price has risen in anticipation (just crossed $47,000!).
One note for investors is that Coinbase Global is a key custodian for many of the ETF funds, which could make Coinbase a major beneficiary of the ETF approvals. $COIN holders could see a nice bump if the approvals go through. |
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| On January 5th, an anonymous bitcoin user sent 26.9 BTC, worth $1.2 million, to the Genesis wallet associated with Satoshi Nakamoto, bitcoin's enigmatic creator. This wallet, inactive since Nakamoto's 2010 disappearance, now holds almost 100 BTC.
The transaction's complex routing through 12 wallets, originating from Binance, sparks speculation about its purpose, ranging from Nakamoto moving funds, a credibility gesture, or part of a financial scheme. Could Satoshi be coming back? |
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| An unknown bitcoin user spent around $64,000 in transaction fees, to add nearly 9 MB of raw binary data to the bitcoin blockchain. The activity remains cryptic, with the data's content and purpose needing to be clarified.
The bitcoin address used for these inscriptions is unnamed, and the data interestingly contain references to an iconic bitcoin transaction: the purchase of two pizzas with 10,000 BTC in 2010.
Again, is this Satoshi Nakamoto waking up? Or is it another player trying to poke the bitcoin bear? With all the other bitcoin activity, we'd recommend that you take this news as an interesting tidbit until more information is available. |
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| | | Long-Term Wealth $1K invested at today's market prices |
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| This asset | invested 5 years ago | is now worth | | Bitcoin (BTC) | $1,000 | $7,039 | | Ethereum (ETH) | $1,000 | $5,222 | | Uniswap (UNI)* | $1,000 | $1,063 | | BNB Chain (BNB) | $1,000 | $21,922 |
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| Note: The future may look different from the past. Please invest carefully. * As UNI is less than five years old, we calculate from the launch date (Sep 2020). |
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| | ICYMI In Case You Missed It |
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| Blockchain Basics Explain Like I'm 5 |
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| BMJ Basics The Case for Crypto: Why Invest in Crypto? |
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| | | Share This Meme Copy, paste, and post |
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| You could buy $MSTR, or you could just buy bitcoin. (Courtesy TheBTCTherapist) |
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