How to Invest in Bitcoin Indirectly: Insights on MicroStrategy, Square, and Beyond - podcast episode cover

How to Invest in Bitcoin Indirectly: Insights on MicroStrategy, Square, and Beyond

Nov 29, 20248 min
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Episode description

Welcome back to another clip of Market Mondays! In this session, your hosts Rashad Bilal, Ian Dunlap, and Troy Millings dive into the fascinating world of Bitcoin investments through publicly traded companies like MicroStrategy, Square, and others. This episode is packed with insights on indirect investment strategies, the evolving cryptocurrency ecosystem, and the future of financial technology (fintech). Don't miss out on the latest trends and expert opinions!


*Segment Highlights:*


**Bitcoin and MicroStrategy**:

  • Rashad introduces the topic by discussing MicroStrategy’s claim of making $500 million a day from Bitcoin. Is it a good investment avenue?
  • Ian emphasizes that MicroStrategy offers a non-direct way to invest in Bitcoin. He praises Michael Saylor's approach and draws comparisons to other investment strategies.
  • They debate the purported revenue figures, with Ian noting the impressive but possibly overstated numbers.


**Square’s Game-Changing Moves**:

  • Troy delves into Square’s innovative steps in cryptocurrency. He highlights their dedication since 2020 to integrate Bitcoin into their business model, not merely through trading but by selling mining equipment.
  • The team discusses the strategic importance of Square's 3-nanometer mining chip, exclusively used by Core Scientific, a major Bitcoin miner.
  • The conversation touches on Square’s transformation into Block and its broader implications in the fintech and AI sectors.


**The Bigger Picture**:

  • The trio explores the broader economic and technological ecosystem around Bitcoin, particularly the role of semiconductors in both Bitcoin mining and AI advancements.
  • Ian and Troy discuss the rivalry and partnerships within the tech and cryptocurrency industries, referencing personalities like Elon Musk and Jack Dorsey.


**Investment Strategy and Future Outlook**:

  • Ian admires Michael Saylor’s commitment and compares the Bitcoin investment strategy to Vanguard’s successful ETF and index fund strategy.
  • They hint at upcoming reports and profit margin expectations, suggesting a close watch on MicroStrategy’s future performance.


*Why Watch This Episode?*

  • Get expert opinions on investing in Bitcoin indirectly through publicly traded companies.
  • Understand the impact of technological advancements in Bitcoin mining and AI on financial investments.
  • Stay updated on the strategic moves of major fintech companies like Square (now Block).
  • Learn about the competitive dynamics between tech giants and their influence on cryptocurrency markets.


Join us for an in-depth look at how you can capitalize on Bitcoin’s growth without directly purchasing the cryptocurrency. Whether you're a seasoned investor or just beginning your journey, this episode of Market Mondays MM Medium is a must-watch for anyone interested in the intersection of fintech, cryptocurrency, and tech innovation.


*Don't forget to like, comment, and subscribe to our channel for more insightful videos!*


*Listen to us on:*

  • Spotify: Market Mondays Podcast
  • Apple Podcasts: Market Mondays


#MarketMondays #Bitcoin #Cryptocurrency #Investing #MicroStrategy #Square #Fintech #Blockchain #CryptoInvesting #FinancialAdvice #TechInvesting #AI #BitcoinMining #InvestmentStrategy #EarningReports #TechIndustry #MichaelSaylor #JackDorsey #StockMarket #InvestingTips



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Transcript

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Speaker 3

So speaking of a big care, what about like micro Strategy who Yeah, they said, have been making five hundred million dollars a day on Bigcoin. So like companies like that, would those be good to because those publicly traded companies stop? Would those be good to invest in? And if so at what?

Speaker 1

At what price?

Speaker 4

I think it's a good.

Speaker 5

Way to invest in bitcoin in a non direct fashion. It's been really interesting to see the bitcoin minus not rally as much as bigcoin has. But yeah, I think I keep saying that Michael Saylers and New Kathy was so at some point, if y'all cared about Kathy because she originated this bigcoin institutional strategy, y'all should go send her a note and tell her thank you.

Speaker 4

Mike.

Speaker 5

But Michael strategy is a good way to get some exposure to it. I know I've gotten killed about my Square take, but if you look at some of the things Square is doing, yeah, may want to keep your eyes on what Jack and them are doing. I don't know if he went and kissed the rain and yet and if he's in there in a circle, uh, and if him and Elin had made up, But if so, Square shit bounced. But they they've been doing pretty well.

But isn't And I love Michael Taylor, but isn't five hundred million a day like one hundred and forty billion dollars or something like that.

Speaker 1

In a quarter? You're talking like Amazon numbers.

Speaker 4

Did he say five hundred million today?

Speaker 1

That's a lot.

Speaker 4

That's Apple's doing ninety four billion a year.

Speaker 1

That's a lot.

Speaker 5

So maybe it was five hundred a month. I don't know. Well, we'll see when a report comes out. But micro strategy is a good way to get exposure to bitcoin. If you can't afford it at ninety thousand per coin for sure.

Speaker 2

Yeah, we talked about some ETFs to if you're not in bitcoin, obviously with black Rock over the past year, and they've done an ethereum one as well.

Speaker 1

But yeah, when I started.

Speaker 2

Looking at the economy that goes around bitcoin, obviously you've seen what coin has done. Coin Base, which is publicly traded micros strategy has just been incredible. But Square, like I said, man and we had this conversation a little earlier, but if you watch what it's doing right, this is still a fintech company. But their commitment that they made in twenty twenty, which at the time even Jack Dorsey apologized for. He said, like, we're not going to continue

doing this. They're commitment into bitcoin is now starting to pay off. And it's not because they're selling pit coin to they're trading it. It's actually because they actually sell

the equipment for firms that mine it. So this is another business that's being built around the economy of cryptocurrency and bitcoin specifically, which is interesting because it plays a part in the AI development too, which is absolutely we don't even look at it right At the time, we were trying to figure out when we're mining bitcoin, how can we do it faster? What are the semiconductors that can help us do it? Those semiconductors now turn into what we're going to be used, and now they are

used for artificial intelligence. Right, so we're talking about the nanometer chip, we're talking about five, we're talking about three. So Square has actually created the three nanometer mining chip four bitcoin, and I think everybody needs to pay attention to that because that's what's going to be used very shortly. I think they start they created in April of last year, but it's starting to be de deployed now and the largest bitcoin minor, which is corz Core Scientific, they're using

it exclusively. And so when we're watching Square, this is not just a fintech company now, right they've changed their name to block because of the blockchain, but we're starting to see the impact that bitcoin and cryptocurrency specifically is having inside of his business. They're not just relying on Hey, we were a fintech company. Now cryptocurrency has his fingerprints all over this company. And if you look at this chart. I said this the other night, there's something interesting happened

over there. We're we're going to watch this and start this even more closely over the next couple of months.

Speaker 5

It's crazy to change your name to block and get blocked out the cryptocurrency industry because Elon Maddo.

Speaker 4

You, yeah, the browards are really interesting.

Speaker 1

Heat down. He actually came out and apologized.

Speaker 2

So now to see a year later, Hey, we're going to cut back on I think they were trying to do Web five. They were like trying to be so far ahead and like, all right, let's just focus on this because this is promising and we have something here.

Speaker 1

Yeah.

Speaker 5

I do like the one thing I do love about Michael Sadler's strategy, though at least he's putting his money where his mouth is and investing heavily into it. I know Citron had the report that came out. It was interesting to see his reply. I can't wait till the reporting because I know they had some profit margin issues prior to but I'm looking to see when this report comes out what the profit margin looks like as well.

But everyone's just really redoing the Vanguard's strategy like this Bitcoin by bitcoin strategy on the institutional side reminds me of bogos etf and Indexcellent strategy just at a different sector, which has worked incredibly.

Speaker 4

Well for Vanguard and black Rock on State Street.

Speaker 5

So we are in a currency and capital war from the titans of business right now.

Speaker 4

Everybody on art is your competition.

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