Cryptocurrency analyst James Van Straten recommended having exposure to MicroStrategy Inc. (NASDAQ:MSTR) in the newly announced U.S. sovereign wealth fund instead of spot Bitcoin (CRYPTO: BTC) on Monday.
What Happened: In an X post, Van Straten weighed in on the potential equity exposure in the first-of-its-kind state-owned investment vehicle announced by President Donald Trump.
“I’d rather see the fund have exposure to MSTR through its convertible bonds than for it to buy BTC,” the analyst wrote.
When asked …
Full story available on Benzinga.com