Right. Choosing between investing in BTC or MSTR depends on your style and tolerance for risk. MSTR's been riding high, thanks to their BTC stash and leverage but that comes with extra risk. BTC's more of a wild ride with its ups and downs but its decentralized vibe gives some peace of mind. MSTR's got the benefit of MicroStrategy's leadership but BTC's been around longer and has its own reputation. In the end, it's a trade-off between control and potential rewards versus trust and stability. It's like choosing between surfing a wave or cruising on a steady boat

I don't agree with you two. I don't want to lie, my main goal when investing in bitcoin is profit, profit is what I care about and prioritize the most. But I wouldn't invest in MSTR because there's no guarantee their stock will yield higher returns than bitcoin. Have you ever thought about what would happen to our investment if their business suffered and their company went bankrupt? Meanwhile, even if bitcoin is dumped, it will still recover and grow at a higher level. I will ignore the issue of privacy and decentralization, I will still choose bitcoin because it offers better returns and less risk.

I think the ETFs made the bull market come faster than anticipated, but that it would have happened without them anyway. Some forum members are concerned with accumulation of Bitcoin by investment funds because it leaves fewer coins circulating in a natural decentralized form, so holding Bitcoin instead of using an investment fund can be a way to support the decentralization cause. Also, I feel like buying Bitcoin is easier and more accessible because you purely rely on yourself and there's pretty much no lower limit to it, so it's another argument in favour of Bitcoin. Not to mention the obvious note of actually owning your coins when they are in a non-custodial wallet.

What will you choose?

Investing is surely the main objective to earn profit, but the reason why Bitcoin can survive, recover and grow are because decentralization, lightweight, transparent, secure and some privacy. If there are no asset can offer new uniqueness or better than Bitcoin, Bitcoin will never be replaced or forgotten.

In the end, it's nothing different than Bitcoin ETFs, MSTR might be more dangerous than ETFs because they don't have any rule to own Bitcoin, so they can sell the coins whenever they want.

1 : I did hesitate last week and consider buying some MSTR shares. Quite frankly, my main reason for this hesitation was simply based on the hope of higher returns with MSTR than BTC. As of now, I am 100% fully allocated in BTC. I've finally decide to stay focus with my original plan, stay fully allocated to BTC.
The reason is, more than simply returns, I believe in everything that BTC has to offer, and holding BTC is my way to be an activist fighting for the good fight. I believe in decentralisation, economic freedom, self sovereignty, ethical investment, sound money, and these are all aspect that BTC, and BTC only, can offer for the people. A public company cant. So as much as I love Michael Saylor, my vote goes for BTC only.

Every time bitcoin has one of its "blow-ups", I will get random calls and or text messages asking to speak with me about it.  Much of my family and friends know that I'm (at least in their minds) a bitcoin "expert" (which I am not) as well as a financial advisor, and want to speak with me about it all.

One such recent phone call was with my best gf's step father who I was just told "wanted to speak with me about bitcoin".  After about a 30mn conversation, we mostly just spoke about MicroStrategy and it was mainly me trying to explain how it's NOT the same as owning bitcoin.  It's a stock, with a company behind it, which is nothing like bitcoin.  So, if you're interested in bitcoin, buy it straight up or through an ETF.

Microstrategy simply trades as leveraged bitcoin. In a bear market people are down on it so they sell it below the company's btc holdings. But now while people are excited about bitcoin they buy it far beyond the company's bitcoin holdings. It's a more risky, leveraged play on Bitcoin. Personally I'd rather just hold bitcoin than take on that risk. I suppose in a retirement account I would probably split some of the portfolio between Microstrategy and the ETFs. But for money not in a retirement account, money that can go anywhere, I'd rather just own Bitcoin itself. But certainly for people who want to do this leveraged sort of play you can make more than with bitcoin itself if you are buying microstrategy during bear market and selling during bull market.

BUT if Chad Saylor decides to sell some Bitcoin, it would be in profit and what is his fiduciary duty as executive chairman of MicroStrategy? To increase value for the holders of the stock of the company, WHICH could mean stock buy-backs or capital allocation into other forms of investment that will be profitable for the company. Plus will he truly be a TROLL like Elon Musk? I believe not.

If BTC falls, Microstrategy will fall too, ever since they started getting involved with BTC their stock became tied to BTC price. However, Microstrategy is also perfectly capable of screwing things up on their own, like dabbling into altcoins, dumping their BTC, and in general doing stupid decisions. So compared to BTC it's extra risky, since it has all the risks of BTC plus their own.