Saylor’s Secret Weapon? 🤯

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Right then, what ho! It appears that the chaps over at Strategy, that business intelligence firm, have managed to pull off a rather impressive stunt, according to none other than Eric Balchunas, a top analyst at Bloomberg. Apparently, they’ve been giving the Invesco QQQ Trust, one of those frightfully active ETFs tracking the Nasdaq-100, a run for its money. 🧐

Strategy’s stock, you see, is swaggering about with a jaunty 7% gain year-to-date. Meanwhile, poor old QQQ is languishing, down a ghastly 10%. One might almost feel sorry for it, if one weren’t too busy being astonished. 😲

This, Balchunas suggests, demonstrates the stock’s “toughness,” which sounds rather like something one might say about a particularly stubborn bulldog. It also rather neatly squashes any rumours that Strategy is merely a high beta version of the Nasdaq-100. Good show! 👍

And speaking of surprises, Balchunas finds Bitcoin‘s robust showing quite astonishing. The beastly cryptocurrency is currently changing hands near the $85,000 mark. One shudders to think what Jeeves would make of it all. 😨

The esteemed Bloomberg analyst reckons that the successful launch of several ETF products is the reason why Bitcoin managed to surge from a measly $30,000 to a positively vulgar $70,000 in a matter of months. The sheer audacity! 🤑

The fact that Bitcoin has clung to that $85,000 level despite the stock market’s little wobble and substantial ETF inflows suggests that it is, to use Balchunas’s phrase, “shockingly strong.” One is tempted to suggest a nice cup of tea and a lie-down. ☕

“I think what happened is Saylor and the ETFs bought so much of it over 12 months from the tourists that it created a much stronger base of holders than in prior cycles,” he declared. Which sounds suspiciously like someone cornering the market in something or other. A jolly wheeze, if you ask me. 😉

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2025-04-15 21:58