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Viewpoint: Strategy stock is a "altcoin" of traditional finance
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4 hours ago 1,342
According to Golden Finance, Jeff Park, head of Alpha Strategy at Bitwise asset management firm, believes that the trend of Strategy (MSTR) stock is more like a "altcoin" that traditional finance (TradFi) investors can access, rather than a direct alternative to Bitcoin. He pointed out that Strategy stocks have different volatility than Bitcoin, with returns even far higher than Bitcoin on some trading days. He believes that this makes Strategy stock perform more like altcoins in the crypto market, providing traditional financial investors with an indirect investment channel for cryptocurrency. Additionally, since some retail investors are unable to buy spot Bitcoin ETFs, but Strategy stocks can be purchased, this makes it still attractive in the market. Strategy stock has recently fallen back from its previous sharp gains, but has still risen 75% over the past year. Because the company holds a large amount of Bitcoin, many traders have long regarded it as an alternative trading tool for Bitcoin. Strategy's share price has risen 2,500% over the past five years, compared to Bitcoin's gains of about 1,500% over the same period.
Keywords: Bitcoin
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