MicroStrategy stock could give investors a way to gain exposure to Bitcoin without buying crypto itself. “IBD Live” explains.
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[Applause] I do have a position in this myself and uh one of the reasons why is because in my retirement account it’s a lot easier to buy uh exposure to bitcoin by just buying micro strategy instead of uh uh instead of Bitcoin itself I don’t even
Know how you would go about doing that in my in my account uh I mean sure you could do gbtc or bitto or whatever but I just chose mstr as my uh as my Bitcoin exposure in my in my Roth IRA um but what is what is your take on the on the
Bitcoin um the Bitcoin move here uh well seeing Bitcoin up sharply uh today up up 4% uh right now coming up close to 40 44,000 so I mean this is the same uh same situation you you got micro strategy which um you know started started moving several several weeks ago
So it’s not a not a stock that you can uh you can chase up here you look at some other um you know a CO a coinbase uh has emerged as a as a big leader c i n uh but again you know you just you can’t really do anything with uh unless
Unless you bought it when it you know first came out of that uh cup base not much you can do with it now same with a name like Marathon digital M um you know so I I could see myself owning uh you know Bitcoin related stocks but I’m just
Going to have to wait for uh wait wait for a pullback here it’s not an area of the market that I’ve played much in uh but to to see uh to see Bitcoin now approaching 44,000 uh a coin who who knows it could keep uh keep going but
You just got to wait for a lot of these Bitcoin um you know plays to just uh kind of pull back and and get better uh better entries and just avoid the pitfall of of chasing because that’s an easy way to uh to lose money