If Bitcoin, cryptocurrencies, and virtual assets have been the most controversial assets in recent years, MicroStrategy stock is also worthy of controversy and astonishment for what it has achieved this year. The stock has managed to achieve a typical performance in 2024 so far, rising by 233%, outperforming even Bitcoin, which people associate it with, given that the company has a portfolio full of Bitcoin and is under the command of one of the Bitcoin bulls, Michael Saylor.
As many expectations point to a new Bitcoin breakout, long purchases of the stock’s futures are increasing, which encourages the stock to continue its rise. The market views MicroStrategy stock as one of the most liquid and exposed options to Bitcoin and cryptocurrencies. Saylor seems to realize how closely his company and person are connected to the world of Bitcoin, which prompted him to stir up more controversy by proposing the idea of a trillion-dollar Bitcoin bank.
Michael Saylor’s vision for a Bitcoin bank
Michael Saylor, co-founder of MicroStrategy, has made Bitcoin a cornerstone of his company’s strategy. The idea of creating a trillion-dollar Bitcoin bank is not just a bold dream, it’s a vision that many investors seem to believe in. As evidenced by MicroStrategy’s stock rising a staggering 16% on the day the plan was announced late last week.
