#STRCHitsAllTimeLow

📉 Strategy Under Pressure. Is the Bitcoin Proxy Trade Losing Momentum?
I’ve been watching the decline in my favorite Strategy stock and the weakness in MSTR. This really caught my attention. For a while, many people thought Strategy was the best way to invest in Bitcoin—with a lot of leverage.. Now that the market has declined, even the strongest ideas are being tested.
Bitcoin is now below $60,000. This means Strategy has a lot of unrealized losses so far. This makes me wonder whether their long-term plan will still work. Strategy’s plan is to raise money to buy Bitcoin. This worked well when Bitcoin was rising.. When prices are under pressure, people begin to question whether this plan is still viable.
I don’t think this means Strategy’s plan is bad. If Bitcoin starts rising, the problems we’re seeing now won’t look so bad a year from now. That’s what Bitcoin optimists have always said. We should stick with it through the times.
At a time when the market usually starts worrying about problems before they actually happen, Strategy’s preferred stock is trading below its price. This tells us 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 rising. And it hurts when the market is falling. This is true whether you’re trading with leverage or investing in a company closely tied to Bitcoin.
I still think Bitcoin will be good in the long run.. Now I think we should be cautious and manage our risks. The market usually rewards people who are patient when everyone else is emotional.
Do you think Strategy’s focus on Bitcoin will ultimately prove correct, or has the market begun to wonder whether their plans can work during a downturn? 👇
‍#BTC
#MSTR