Imagine that the world of stocks is like a football championship: only the best teams enter the main league.
Well, MicroStrategy has just moved up a division and will play in the market's "Champions League", the Nasdaq 100 index. This means that it is now among the 100 largest companies that shine on the Nasdaq. It's like that time when the nerd in the room becomes the most famous athlete.
But don't worry, it's not just because she's good with numbers. MicroStrategy is basically Bitcoin's official fan club. They buy so much Bitcoin that it's like they're that friend who never misses a promotion on Steam — except in their case, the "promotion" is the price of Bitcoin, and they buy millions of it. And the detail?
Now even those who invest in the QQQ fund, which is worth billions of dollars, will end up having a "little piece" of Bitcoin in their package. Do you see how crypto invades everything?
Oh, and to complete the team, the company recruited some heavy hitters: like the former CEO of Binance.US, Brian Brooks, who, when he wasn't buying crypto, was basically taking care of the entire US banking system. Light stuff, right?
But the funniest one is Michael Saylor, co-founder of MicroStrategy. He said he will continue buying Bitcoin "for the rest of his life". Sure, the guy looks like the one who bets on the Mega-Sena lottery every week thinking it will pay off, but in the crypto world, the one who laughs last... well, maybe it's him.
Now tell me: do you think MicroStrategy's "obsession" with Bitcoin is genius or are they going too far?
#MicroStrategy #Bitcoin❗ #Shibalnu
