Veteran trader Stephen ‘Sarge’ Guilfoyle, Contributor for TheStreet Pro, explains why it's better to buy Bitcoin directly, rather than through MicroStrategy.
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00:00So, one way to play Bitcoin is to buy it directly.
00:03Another way might be to buy software company MicroStrategy, right?
00:07It has a stash of like 42 billion dollars.
00:12Any thoughts on MicroStrategy as an investment?
00:17Uh, you know, I think I do give thought to opening an account in one of the crypto exchanges
00:23and buying Bitcoin directly or some other cryptos.
00:26I don't really think about investing in MicroStrategy.
00:29I think you're actually paying a premium to be in MicroStrategy, which is really just
00:35a holder of Bitcoin, than if you were to just buy the Bitcoin directly.
00:38And I don't mean to say anything nasty about Michael Saylor.
00:41I don't know the guy, you know, but I don't know.
00:45There is something or two about him that just gives me some pause.
00:51So, I would rather own the Bitcoin directly if I was given a choice.