History Doesn't Repeat, but It Often Rhymes on Wall Street -- and That's Terrible News for MicroStrategy

This has been a banner year for the stock market. All three major indexes -- the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite -- have catapulted to multiple record-closing highs, with excitement surrounding artificial intelligence (AI), stock-split euphoria, and optimism following the election of Donald Trump driving gains in 2024.But in not-so-subtle fashion, cryptocurrencies and cryptocurrency stocks have blown these major stock indexes out of the water. Whereas the Dow, S&P 500, and Nasdaq have delivered year-to-date gains ranging from 19% to 28%, as of the closing bell on Nov. 26, the largest and most prominent cryptocurrency of all, Bitcoin (CRYPTO: BTC), has generated year-to-date gains of 118%.Upside has been even more pronounced for the world's first self-proclaimed "Bitcoin Treasury Company," MicroStrategy (NASDAQ: MSTR). Even following a double-digit-percentage pullback during the Nov. 26 trading session, shares of MicroStrategy have gained 460% for the year, and more than 1,800% on a trailing-two-year basis.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool