Saylor shared the differences between three forms of BTC investment in an interview:

1️⃣ Bitcoin Investment

Long-term holders directly accumulate coins: If investors do not want to take on counterparty risk, face no additional market volatility, and have the intention of long-term investment, they should buy Bitcoin, as it can be self-custodied and used anywhere in the world.

2️⃣ Bitcoin ETF Investment

A short-term investment vehicle: If investors just want to hold Bitcoin as an asset and wish to manage it in a brokerage account, they can purchase ETF products, which are easy to operate and can be used as collateral.

3️⃣ Strategic Stock Investment

Want to amplify volatility: If investors believe in the potential of digital credit and wish to gain leveraged returns from digital capital, they can buy strategic stocks (such as MicroStrategy stock MSTR).