From Nasdaq:

Investors are focused on Bitcoin, but MicroStrategy, an enterprise software company, holds the most Bitcoin of any publicly traded company, currently valued at $8 billion. The company’s stock has been used as a way to gain indirect Bitcoin access but has recently dropped 30% due to the approval of new Bitcoin ETFs. The value of MicroStrategy’s core business operations is being ignored, and a future price of $100,000 for Bitcoin could double its value, making it an appealing investment option. Additionally, Vanguard Group is loading up on MicroStrategy, indicating its potential for strong performance.

Before investing in MicroStrategy, investors should consider that there are multiple ways to access Bitcoin, such as direct purchase, futures-based Bitcoin ETFs, spot Bitcoin ETFs, and Bitcoin proxy stocks. There may be volatility, but the potential for strong performance in 2024 is likely.

The Motley Fool Stock Advisor analyst team identified the 10 best stocks for investors to buy now, and MicroStrategy was not one of them. Instead, consider their recommended stocks for potential returns. The Stock Advisor service has more than tripled the return of S&P 500 since 2002.



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