- MicroStrategy (MSTR) stock has been added to the MSCI World Index, outperforming Bitcoin with a 105.44% increase since the start of the year.
- Despite its impressive performance, CNBC host Jim Cramer advises investors to opt for Bitcoin instead of MicroStrategy.
- Bitcoin bull Michael Saylor predicts that all pension funds will eventually need some Bitcoin, following the State of Wisconsin Investment Board’s recent $100 million investment in BlackRock’s IBIT.
MicroStrategy outperforms Bitcoin with a 105.44% increase since the start of the year, yet experts advise investors to opt for Bitcoin. Meanwhile, Bitcoin bull Michael Saylor predicts a growing institutional adoption of Bitcoin.
MicroStrategy Joins MSCI World Index
MicroStrategy (MSTR), a business intelligence company, has been added to the MSCI World Index, a global index that captures large and mid-cap companies across 23 developed markets. The company’s stock has seen a significant increase of over 105.44% since the beginning of the year, greatly outperforming Bitcoin. The current market cap of MicroStrategy stands at $23.02 billion, with its shares adding 4% on Tuesday to reach nearly $1,300 per share.
Bitcoin vs MicroStrategy
Despite MicroStrategy’s impressive performance, not all are convinced of its potential. CNBC host Jim Cramer recently urged viewers not to buy the company’s stock, suggesting that those who want Bitcoin exposure should opt for the underlying asset instead. This advice comes in light of the company’s substantial drop from its 2024 peak of $1,919 per share.
Predictions of Growing Institutional Adoption of Bitcoin
Bitcoin bull Michael Saylor recently predicted that all pension funds will eventually “need some Bitcoin.” This prediction follows the State of Wisconsin Investment Board’s (SWIB) recent revelation that it had invested nearly $100 million in shares of BlackRock’s IBIT, indicating a growing institutional adoption of Bitcoin.
Conclusion
As MicroStrategy’s stock continues to perform well, experts advise investors to consider Bitcoin as a more reliable investment. With predictions of growing institutional adoption of Bitcoin, it seems that the future of cryptocurrency remains promising.
