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Jim Cramer on Strategy Inc: “I Think You Should Just Own Bitcoin”

Strategy Inc (NASDAQ:MSTR) is one of the stocks on Jim Cramer’s radar recently. A caller asked Cramer’s one-year performance projection for the stock, and here’s what he had to say:

“Well, look, let’s leave it like this, they call it now Strategy, but I like Bitcoin and I think you should just own Bitcoin. I don’t want any derivative of Bitcoin. I just want Bitcoin.”

Photo by andre-francois-mckenzie on Unsplash

Strategy Inc (NASDAQ:MSTR) provides investors with exposure to Bitcoin through a mix of equity and fixed-income securities. In addition, the company offers AI tools that help businesses understand their data and make better decisions. Cramer mentioned the company during the December 2 episode and said:

“In this business, nothing’s harder than spotting bottoms… What matters the most here is not Bitcoin itself, but a company called Strategy run by Michael Saylor, a Bitcoin evangelist who’s adopted what I consider to be a Malcolm X style by any means necessary approach to keep Bitcoin higher. He has a huge amount of money on the line because Strategy has transformed itself basically into a Bitcoin accumulation machine fueled by borrowed money.

Saylor’s a clever guy, and he may be able to forestall the executioner, in which case we’re at the bottom. But if Strategy’s still in trouble, then the company might be forced to sell the largest Bitcoin hoard in the world, at least some of which would produce a furious crescendo of selling. In that case, who knows, maybe Bitcoin goes to $60,000. But the operative and problematic term in that sentence is who knows. When you’re fishing for a bottom, who knows doesn’t cut it.”

While we acknowledge the risk and potential of MSTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MSTR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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