STRCHitsAllTimeLow

📉 Strategy Under Pressure. Is the Bitcoin Proxy Trade Losing Momentum?

I have been watching the drop in Strategys preferred stock and the weakness in MSTR. This has really caught my attention. For a time many people thought Strategy was the best way to invest in Bitcoin with a lot of leverage.. Now that the market is going down even the strongest ideas are being tested.

Bitcoin is now below $60,000. This means Strategy has a lot of losses that have not been realized yet. This makes me wonder if their long-term plan is still going to work. Strategys plan is to raise money to buy Bitcoin. This worked well when Bitcoin was going up.. When prices are under pressure people start to ask if this plan can still work.

I do not think this means Strategys plan is bad. If Bitcoin starts going up the problems we are seeing now will not seem so bad in a year. This is what people who are optimistic about Bitcoin have always said. We should hold on during the times.

At the time the market usually starts to worry about problems before they happen. Strategys preferred stock is trading below its price. This tells us that people are losing confidence. Confidence is very important for any company.

This is a reminder that using leverage can be good or bad. It helps when the market is going up. It hurts when the market is going down. This is true whether you are trading with leverage or investing in a company that is closely tied to Bitcoin.

I still think Bitcoin will do well in the term.. For now I think we should be careful and manage our risk. The market usually rewards people who're patient when everyone else is emotional.

Do you think Strategys focus, on Bitcoin will ultimately be proven right or is the market starting to question if their plan can work during a downturn? 👇

‍#BTC #MSTR