The Cryptocurrency You May Not Even Know You Own

Published On Dec 6, 2024, 5:02 AM

The article discusses how MicroStrategy, a company that has shifted its focus to buying Bitcoin, is included in many retirement portfolios through various index funds. While MicroStrategy has seen extraordinary stock gains since adopting this strategy, particularly a 3,000% increase since August 2020, it also poses significant risks, especially considering the substantial losses investors endured in 2022 during the crypto market crash. The article warns that investors, particularly those in retirement funds, may be unknowingly exposed to the volatility associated with MicroStrategy's aggressive Bitcoin investments.

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Stock Forecasts

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Positive

Given MicroStrategy's recent robust performance and Bitcoin's continued popularity, the stock could see positive momentum in the near term. However, investors should remain cautious due to the inherent volatility and risks that accompany cryptocurrency-related investments.

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