Title: My Strategic Shift into Bitcoin-focused Stocks

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Admittedly, I’m a bit late to the game.

I was there when MicroStrategy first dipped its toes into the bitcoin world, and I’ve seen its stock skyrocket from $14 to a staggering $400 per share. Despite the meteoric rise, I held back from investing.

However, last Friday marked a significant turning point for me – for the first time since 2018, I invested in stocks, specifically in MicroStrategy (MSTR) and a select few companies that also have bitcoin in their asset portfolio. This was a move I never imagined making again.

Back in 2018, I liquidated all my stocks to purchase more bitcoin during its price drop to the $3,000 range. Since then, my only asset acquisition has been bitcoin. This week, however, things took a turn.

An interesting discussion by Jeremy Garcia, the creator and CEO of Satoshi’s Journal, summarizing MicroStrategy’s Q3 2024 earnings call caught my attention and led to some eye-opening realizations.

If bitcoin is to attain a price in the hundreds of millions or even more, it seems logical to invest in a company like MicroStrategy. With a hefty holding of 446,400 BTC, trading in the Nasdaq 100 Index, and a potential future in the S&P 500, the company is an enticing prospect.

MicroStrategy’s tactical bitcoin reserve strategy could potentially make it one of the world’s most valuable companies, if not the most valuable. This is further amplified by Michael Saylor’s commitment to continue bitcoin acquisition.

If MicroStrategy is destined to become the world’s most valuable company, its current stock price would be a steal compared to its future value. How could I resist such an opportunity? I already regret not investing sooner. Despite my bitcoin performing exceptionally well, MSTR has outperformed it.

I could simply buy bitcoin directly, which might be the safest bet. However, having accumulated bitcoin for a significant period, I’m intrigued by the idea of investing in companies that are also banking on bitcoin’s promising future.

This could potentially earn me more fiat currency, which I could then use to buy more bitcoin (if these stocks outperform BTC). Even if they don’t, I could still profit and use it for everyday expenses.

Moreover, I can’t rule out the possibility of losing my bitcoin due to a personal mishap in the future. Despite having proper custody and security in place for my coins, things can still go awry.

Having other assets to rely on provides a safety net, which is reassuring.

Undeniably, I’m a bitcoin enthusiast. I believe that if bitcoin thrives, then the companies, individuals, and countries adopting it will also prosper.

I relish success and want to invest in companies that are also thriving. If my bets don’t pay off, I’m prepared to accept it. After all, this is only a small portion of my overall portfolio. However, I believe the potential rewards are worth the risk and effort.

Please note that this is not investment advice, merely my personal journey as a Bitcoin enthusiast. Currently, that journey involves investing in MSTR.

This piece is an Opinion. The views expressed are solely the author’s and don’t necessarily represent those of BTC Inc or Bitcoin Magazine.