Caleb Franzen
Caleb Franzen|Dec 31, 2025 15:14
The cope from MSTR investors is hilarious. Just look at the chart since October 2024... Strategy (top) was producing lower highs while BTC (bottom) was producing higher lows. Strategy is flat over the past 15 months, while BTC is up +45% over that same time. Strategy is -35% below its April 2025 lows, while BTC is +19% above its April 2025 lows. I'm not cherry picking short-term timeframes when I acknowledge MSTRs poor performance... this is 15 MONTHS OF DRASTIC UNDERPERFORMANCE WITH NO END IN SIGHT. I've been sharing these thoughts consistently throughout 2025 when I first noticed the deviation in behavior. You can ignore that deviation and bury your head in the sand. Or you can actually listen to what the market is telling you. I listened. That's why I exited my MSTR position fully in early 2025 and it was one of the best trades of my career. Too many people drank the Kool Aid... and it's sad.(Caleb Franzen)
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