100 sats \ 1 reply \ @343pg 16 Oct 2023 \ parent \ on: deleted by author bitcoin
I’m in the same situation. I think it’s likely that the flow of new money into new ETFs would have a positive effect on btc and therefore MSTR, and outweigh any realignment from investors away from MSTR like you say.
There are definitely risks to holding MSTR as a Bitcoin proxy, but even if I could access an ETF I think I’d still own it.
This is exactly my thesis for MSTR. The market dilution effect from the ETF approval is likely to be offset by the capital flowing into Bitcoin, the asset class
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