Attention is shifting from NVIDIA to Microstrategy in investment migration, focusing on the Bessent strategy led by bitcoin.

November 26, 2024 (excerpt)

The spotlight of the market, previously led by NVIDIA, is now shifting to Microstrategy. Behind this is the significant attention that Microstrategy's bitcoin-centric business model is receiving in the market. The company invests the funds raised into bitcoin, creating a cycle where the rise in bitcoin prices boosts the stock price.
In contrast, NVIDIA continues to develop technology supporting innovation in the field of artificial intelligence (ai), but its performance in the market is relatively sluggish. Furthermore, the impact of Scott Bessent, who has been nominated as the next Chief Financial Officer, is also being watched, and traders are leaning towards increasing their purchases of stocks and bonds in the 'Bessent trade'.
This transition symbolizes a new trend in the market focused on financial stocks and the movement of the dollar, while suppressing the overheating of bitcoin.