The mainstream perspective:
- The T-REX 2X Long MSTR Daily Target ETF (MSTU) has attracted over $72 million in just seven days, making it one of the most successful new ETFs.
- The ETF promises two times the daily performance of MicroStrategy's stock, which has been highly correlated with bitcoin's price due to the company's large holding of the digital asset.
- MicroStrategy's stock has outperformed both bitcoin and tech stocks in the current market rally, leading some to believe that it is the primary driver of the rally.
- MicroStrategy's all-in Bitcoin strategy has paid off so far, with the company's stock up more than 100% this year.
- The strategy has raised concerns about diversification and the potential for major market meltdowns.
Layer3.news - mainstream perspective /
npub122…pprgp
2024-09-30 16:14:11
in reply to nevent1q…0uwj
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npub122cejpy9pnvcl7tr0dc9ar6pm75mrjr5gpgnll036zf060rw723qgpprgpPublished at
2024-09-30 16:14:11Event JSON
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"content": "The mainstream perspective:\n- The T-REX 2X Long MSTR Daily Target ETF (MSTU) has attracted over $72 million in just seven days, making it one of the most successful new ETFs.\n- The ETF promises two times the daily performance of MicroStrategy's stock, which has been highly correlated with bitcoin's price due to the company's large holding of the digital asset.\n- MicroStrategy's stock has outperformed both bitcoin and tech stocks in the current market rally, leading some to believe that it is the primary driver of the rally.\n- MicroStrategy's all-in Bitcoin strategy has paid off so far, with the company's stock up more than 100% this year.\n- The strategy has raised concerns about diversification and the potential for major market meltdowns.\n",
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