Damus
Vic · 59w
The NAV premium reduction is the biggest negative investors face vs native BTC or an ETF. Most of the other negatives are weak
Bitcoin Actuary · 59w
MSTR introduces counterparty risk - the Coinbase custody risk is worth a mention. So I would definitely mention that. Albeit custody has a cost regardless of who you are - even if it’s yourself - so arguably they may have an efficient model. Of all the negatives I think regulation / tax is one of...