Summary
- MicroStrategy is reported to be an important gateway connecting the Nasdaq 100 and Bitcoin.
- While Bitcoin supporters criticize MicroStrategy, it is noted that few actually practice self-custody.
- The strategy of securing Bitcoin with little capital is deemed successful, and MicroStrategy is said to collaborate with banks to acquire more Bitcoin.
A claim has been made that MicroStrategy serves as the gateway connecting the Nasdaq 100 and Bitcoin (BTC).
On the 20th (local time), Joo Ki-young, CEO of CryptoQuant, stated on X, "Different forms of assets require different gateways," and "MicroStrategy is the gateway connecting the Nasdaq 100 and Bitcoin." He further expressed, "I don't understand why some Bitcoin supporters dislike MicroStrategy," adding, "Concerns about self-custody can be raised, but very few actually practice it."
He argued, "If you can secure a significant amount of Bitcoin with relatively little capital, it is a success of the strategy," and "In the case of MicroStrategy, it should be seen as entrusting funds to banks to acquire more Bitcoin."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
