Disclaimer: None of the following is financial advice. Only buy what makes sense for you and check with your financial advisor before making any investment decision. Do your own research.
What are MSTR and SOL?
Microstrategy (MSTR) and Solana (SOL) are some of my largest holdings. MSTR is a stock that trades on the NASDAQ. It can be thought of as a Bitcoin ETF because of its significant Bitcoin holdings. Solana is a top cryptocurrency that competes with Ethereum and other smart contract platforms.
They are both currently oversold.
Why are they oversold?
The market is (largely) down because the inflation report released this morning had inflation at 8.3%, lower than the previous 8.5% but not as low as the 8.1% that investors wanted to see.
Why buy MSTR and not Bitcoin?
Bitcoin is also a good buy right now but MSTR is trading at a discount (see Figure 2 below). Bitcoin could 3x over the next year and MSTR could 5x over the next year. MSTR will have higher returns.
Why does this matter?
This is a huge buying opportunity. I believe the MSTR price could reach $1000 within the next year (roughly = $100,000 BTC). Solana could reach $500 within the next year. In short, MSTR could roughly 5x and Solana could roughly 9x in 1 year.
How do I buy MSTR and SOL?
I'm buying MSTR under $200 and SOL under $60.