Matt Cole, CEO of Strive, advocates a strategy of shorting the dollar while buying Bitcoin, arguing that gold and the cryptocurrency can continue to outperform the dollar as money supply expands and debt rises. Bitcoin has delivered an annualized return of 43.13% since 2020, compared to 6.5% for U.S. M2 money supply and 18.3% for gold over the same period. Strive acquired an additional 2,822 BTC on October 14, bringing its total to 35,595 BTC, valued at approximately $2.9 billion at current prices. Strategy’s stock fell from above $151 to below $137 after MSCI finalized rules that could remove the company from its major indexes.
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