Why it's better to buy Bitcoin directly

The Street

Veteran trader Stephen ‘Sarge’ Guilfoyle, Contributor for TheStreet Pro, explains why it's better to buy Bitcoin directly, rather than through MicroStrategy.

Transcript

00:00So, one way to play Bitcoin is to buy it directly.

00:03Another way might be to buy software company MicroStrategy, right?

00:07It has a stash of like 42 billion dollars.

00:12Any thoughts on MicroStrategy as an investment?

00:17Uh, you know, I think I do give thought to opening an account in one of the crypto exchanges

00:23and buying Bitcoin directly or some other cryptos.

00:26I don't really think about investing in MicroStrategy.

00:29I think you're actually paying a premium to be in MicroStrategy, which is really just

00:35a holder of Bitcoin, than if you were to just buy the Bitcoin directly.

00:38And I don't mean to say anything nasty about Michael Saylor.

00:41I don't know the guy, you know, but I don't know.

00:45There is something or two about him that just gives me some pause.

00:51So, I would rather own the Bitcoin directly if I was given a choice.

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