Quick Read – MicroStrategy (MSTR) has climbed 46% over the past month to roughly $188 as Bitcoin bounced 12% off April lows, while the T-Rex 2X Long MSTR Daily Target ETF (MSTU) delivered a 101% gain in the same window but lost 91% over the past year from $98 to $9 due to…
latility decay inherent in daily-reset leverage products. The Defiance Daily Target 2X Long MSTR ETF (MSTX) offers comparable exposure with similar mechanics and costs but faces identical decay dynamics. – Veteran trader Peter Brandt’s $300K-$500K Bitcoin target by late 2029 is priced far from base case by Polymarket traders, who estimate only 3-4% odds of Bitcoin reaching $250K by year-end 2026, making MSTU a tactical tool for multi-week directional bets rather than a long-term Bitcoin allocation. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and MicroStrategy wasn’t one of them
Get them here FREE. Veteran trader Peter Brandt has floated a Bitcoin target of $300,000 to $500,000 by late 2029, tied to a thesis that Trump’s “Project Freedom” unlocks bank liquidity flowing into hard assets. The natural question is how to express it with maximum convexity, and the T-Rex 2X Long MSTR Daily Target ETF (NASDAQ:MSTU) is the most aggressive listed instrument for the trade.
MSTU does not own Bitcoin. It uses swaps to deliver 2x the daily return of MicroStrategy (NASDAQ:MSTR), the Michael Saylor vehicle that owns Bitcoin with corporate leverage already baked in. Stack a 2x ETF on top of a balance-sheet-leveraged Bitcoin proxy and you have built a derivative of a derivative of a volatile asset, with the path-dependency that implies.