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Buying MicroStrategy as an indirect exposure to Bitcoin
By Side Hustle Rich  •  January 8, 2021
Everyone’s talking about bitcoin these days, it seems. If you’re starting to feel that FOMO, but not sure how to get your hands on some coins, you can consider getting $MSTR stock as an indirect exposure to bitcoin. If you don’t know MicroStrategy, they are a business intelligence firm that recently converted their entire treasure reserve currency from USD to BTC, in a bid to hedge off the huge inflation they see coming in the near future. Because of that move, their share price now closely corelates to the price action of bitcoin. Here’s their 6-month price chart. Of course, be prepared for some, no, a lot of volatility to the price of $MSTR since they are closely mirroring that of BTC. < div aria-hidden="true" class="wp-block-spacer"> My experience buying $MSTR I’m not just a blogger, I’m one to walk the talk. So here’s my experience with my last 2 trades...
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By Side Hustle Rich
I’m Richard, creator of SideHustleRich. I created this site to journal my experiments, experiences and thoughts on working up multiple streams of income, in an attempt to achieve financial independence. I’m a happily married man and a father to two young boys. I don’t believe in working until i’m 65, maybe enjoy 5 years of retirement before starting to ache all over from basically growing old and tired.
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