MSTU provides 2X on MSTR which invented the BTC-on-balance-sheet strategy. MSTR has been providing approx > 4X on Bitcoin movements (up and down). This means MSTU is providing > 8% X on BTC by % movements. Today, 10/24/24, when BTC went up 1.93% MSTU went up approx 21% Long Call options on MSTU further amplify this multiplier effect. Not financial advice,...
Based on the chart shared here I think BTC/USD will soon be trading at 60K. This is my own analysis as practice of analysis and is not trading advice. I am an amature and I am learning. feel free to comment. Thanks, and best of skill to all.