There have been many winners in 2024, both political and financial, but the crypto crowd is among the winning-est of them all. It seems that Bitcoin had a near-death experience in 2022, which of course ruined FTX and the lives of its executives, but BTC has climbed from $15,000 to nearly $100,000 with a fairly steady pace. I cannot imagine how tormented SBF must be knowing this sea-change.
The most winningest of the winning, however, is Michael Saylor’s Microstrategy (MSTR) which has turned itself into a giant BTC holding company. This thing has hardly had a downtick for months.
For more extreme percentage changes, look no further than Slope’s cool new options charts, which yield ample triple- and quadruple-digit percentage gainers. As always, click on any chart for a bigger and easier-to-read version.
I’ve put together a little graphic which I think explains the business model quite well. The day will come when something about this virtuous cycle will be broken and then look out below. Until then, it’s just fireworks on July 4th.
