Don't Buy Strategy Stock When You Can Just Buy Bitcoin
Strategy is a leveraged bet on Bitcoin that is deep in debt.
Overview
Strategy (NASDAQ: MSTR) and Bitcoin (CRYPTO: BTC) have both performed poorly this year. They have year-to-date losses of 38% and 29%, respectively. However, if you had to choose between these assets, Bitcoin is the better buying opportunity.
Strategy functions as a leveraged bet on Bitcoin that doesn't make much sense in the long run, especially during a bearish crypto cycle. Here's why investors should opt for the cryptocurrency itself rather than the stock that centers on Bitcoin.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.