Better Crypto Buy: Bitcoin vs. Strategy (MicroStrategy)
It's hard to argue with the long-term performance of Strategy (NASDAQ: MSTR). Since this high-profile Bitcoin treasury company started accumulating Bitcoin (CRYPTO: BTC) in August 2020, its stock is up more than 2,300%. The more Bitcoin that Strategy buys, the higher its price goes.
That is, until recently. Since July 1, Strategy (formerly MicroStratgey) is down nearly 20%. And the Bitcoin treasury company model that it helped to pioneer is now facing tough criticism from skeptics. That's leading to a difficult decision for crypto investors: Should they buy Bitcoin, or should they double down and buy more Strategy?
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Source Fool.com
