MSTR, Tesla, and Palantir's die-hard fans: "Star-chasing" stock trading?
MSTR's investors have shown extraordinary enthusiasm, and MSTR co-founder Michael Saylor has also become an idol. Analysts point out that the MSTR case represents the rise of a new generation of market influencers since 2020—similar phenomena have also appeared in companies like Tesla and Palantir Technologies
The "Bitcoin craze" has evolved into the "MSTR craze"!
Recently, the stock price of MicroStrategy (MSTR), the "leading Bitcoin company," has surged, with the company's market value approaching $89 billion, more than twice the value of its Bitcoin holdings. Since the beginning of this year, MSTR's stock price has increased by over 400%.
What is noteworthy is that MSTR's investors have shown extraordinary enthusiasm:
These investors share MSTR meme images on social media, discuss trading strategies, and some even record podcasts analyzing MSTR's investment prospects. The "Quant Bros" podcast hosted by Jeff Walton and Ryan McGinnis specifically discusses investment opportunities in MSTR.
Additionally, MSTR co-founder Michael Saylor has also become an idol.
24-year-old software developer Aiden Perez turned an interview audio of MSTR co-founder Michael Saylor into a song, which has garnered over 200 plays on SoundCloud...
The "Irresponsibly Holding MSTR Long-Term" group on social media platform X has 23,000 members, with one member, Clayton Lunce, stating, "I found like-minded people"...
Lunce referred to Saylor as "the Bruce Wayne (Batman) of Bitcoin"—coincidentally, Saylor himself is happy to cultivate this image, as he posted a photo of himself in gladiator attire on platform X.
However, some economists express concerns about MSTR's meteoric rise. Notable short-seller Andrew Left and Galaxy Digital CEO Mike Novogratz have both voiced unease about MSTR's current situation. Cliff Asness, co-founder of AQR Capital Management, even criticized the herd mentality among investors driven by social media in a 24-page academic paper.
Analysts point out that the MSTR case represents the rise of a new generation of market influencers since 2020—similar phenomena have also appeared in companies like Tesla and Palantir Technologies. Peter Atwater, a lecturer at William & Mary, believes that economic turmoil may make people more likely to follow figures who exhibit clear control and direction