MSTR is up 40%+ since my last bullish piece a few weeks ago.However, I think the current consolidation is a sustainable bottom.There is a possibility of a short squeeze should we get a breakout.The relentless selling that took place in risk assets earlier this year saw the prices of growth-oriented assets plummet. That certainly created some pain for investors, but as I've made clear in my posts in the past month or so, the worst, I believe, is a long way behind us. That has me looking forward to assets that I think are great buys, and back in mid-June, that led me to MicroStrategy (MSTR).MicroStrategy is an enterprise software company, but I dare say no one cares that it has a software business any longer. About two years ago, the company began buying Bitcoin (BTC-USD) to add to its balance sheet, and it has become one of the largest Bitcoin holders in the world. That has made MicroStrategy simply a leveraged play on the price of Bitcoin, because the software business is far too small to matter in the context of the company's Bitcoin holdings.Now, I said on June 21st that I thought Bitcoin was bottoming, and so far, so good; I haven't seen anything occur in the past month that has put me off of this position. Should we get a further breakdown, I will come off of it, but the facts are the facts and to my eye, they support a sustainable bottom. With that in mind, if you're bullish on Bitcoin, you should be very bullish on Micro...
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