Alex Osipovich

If you want to bet on Bitcoin going up, you can just buy Bitcoin.

But you can also bet on Michael Saylor and strategy because you know that not only is your money when you invest in strategy going to be used to purchase Bitcoin, but it'll be used to purchase more Bitcoin.

And if his stock goes up, he'll issue more stock, sell it and use it to buy Bitcoin.

So it's kind of a leveraged bet on Bitcoin.

The risk is that the effect will turn into reverse.

And some of these companies could come under financial stress and then they won't have any recourse except to sell their holdings of cryptocurrency.

And if they start selling, that'll put downward pressure on the price of whatever cryptocurrency they're holding, which would cause them to sell even more.