Buy Hold Rant

Crypto Stocks vs. Bitcoin: Should You Invest in Companies Like MicroStrategy or Just Buy BTC?

Name: Crypto Stocks vs. Bitcoin: Should You Invest in Companies Like MicroStrategy or Just Buy BTC?
Uploaded: 2025-10-16T19:50:33Z
Description: In this clip from the Buy Hold Rant podcast, hosts Hamid and Dustin dive into the risks and rewards of owning Bitcoin (BTC) directly vs. investing in crypto-exposed stocks like MicroStrategy ($MSTR) and Bitmine ($BMNR). Waiting for stability might be smarter than jumping in early. For example, will

10/16/2025, 7:50:33 PM

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Economic Summary

Crypto is highly cyclical and the speaker expects a crypto bear market within roughly two years, meaning companies exposed to crypto face significant downside if they haven’t proven cycle resilience (mentions MSTR and Bitmine).
Firms that accumulate Bitcoin (e.g., MicroStrategy/MSTR) can act like leveraged plays; investors might prefer direct BTC ownership or a leveraged Bitcoin ETF to avoid corporate and operational risk.
Failure to survive a bear market can lead to collapses similar to FTX or BlockFi, so the recommendation is to wait and confirm a company’s ability to withstand a downturn before investing.

Bullish

Overall positive on crypto as an asset class.
Owning Bitcoin directly is simpler and less risky than corporate proxies.

Bearish

Many crypto-focused companies haven’t proven they can survive a crypto bear market.
Corporate Bitcoin holders (e.g., MicroStrategy) may be effectively leveraged and risky.
Past collapses like FTX and BlockFi show the downside if companies can’t endure a cycle.

Bullish tickers

BTC

Bearish tickers

MSTRBITMINEFTXBLOCKFI

MSTR

Bullish

Holds a large Bitcoin position, providing indirect exposure and potential upside if Bitcoin rises.

Bearish

Hasn’t proven its new Bitcoin-accumulation strategy through a full crypto bear market and appears effectively leveraged compared to holding BTC.

BITMINE

Bullish

Not explicitly described as bullish in the transcript; presumed exposure to crypto upside if the market rallies.

Bearish

Example of a crypto company that hasn’t survived a full crypto bear market; vulnerable if cycles turn down.

FTX

Bearish

Cited as an example of a collapse when crypto firms fail to survive adverse conditions.

BLOCKFI

Bearish

Used as another example of a firm that failed amid crypto market stress.

BTC

Bullish

Preferred direct exposure to the underlying asset instead of corporate proxies; speaker is very positive on crypto overall.

Bearish

Crypto is cyclical and BTC is likely to experience bear markets; downside risk exists.