Bitcoin daily
Bitcoin is up 4.5% today as it erases the past two days of selling. It’s a nice move but leaves it right back to where it’s been for the past eight months. Wake me up when it breaks the $50-70K range.
What does have my attention today is Microstrategy, which is one of the easiest companies in the world to value. The reason is that it has 97% of its assets invested in bitcoin.
Despite that, it’s trading at an all-time high today and up 12%.
MSTR daily
That’s a big disconnect between the value of the…
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