Oddbean new post about | logout
 "MicrosStrategy is WallStreet"

GTP means:

MicroStrategy, though initially a software company, has become a key player in bridging traditional finance (Wall Street) with the #cryptocurrency world, particularly due to its large #Bitcoin holdings. Through its strategic Bitcoin purchases, the company attracted institutional investors, including #ETF providers like #BlackRock, #swiss natiknal bank and #Vanguard, who invest in MicroStrategy indirectly for exposure to Bitcoin. Before the introduction of Bitcoin ETFs, MicroStrategy was one of the main ways traditional investors could gain exposure to Bitcoin.

Now, with the launch of ETFs like BlackRock's iShares Bitcoin Trust (IBIT), which holds more Bitcoin than MicroStrategy itself, traditional finance's involvement in cryptocurrency has deepened. This dynamic positions MicroStrategy as an indirect representation of Wall Street’s growing interest in Bitcoin and crypto assets​.

That means the new People's Money!