While MicroStrategy  (MSTR)  is making headlines for its massive investment in Bitcoin, one Wall Street veteran is urging investors to skip the middleman. Stephen ‘Sarge’ Guilfoyle joined TheStreet to explain why investors are better off investing in bitcoin directly rather than paying a premium through MicroStrategy.

Related: Analyst revamps MicroStrategy stock price target after surge

Full Video Transcript Below:

CONWAY GITTENS: So one way to play Bitcoin is to buy it directly. Another way might be to buy software company MicroStrategy. It has a stash of 42 like $42 billion. Any thoughts on MicroStrategy as an investment?

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STEPHEN ‘SARGE’ GUILFOYLE: I think I do give thought to opening an account in one of the crypto exchanges and buying Bitcoin directly or some other cryptos. I don’t really think about investing in MicroStrategy. I think you’re actually paying a premium to be in MicroStrategy, which is really just a holder of Bitcoin than if you were to just buy the Bitcoin directly. And I don’t mean to say anything nasty about Michael Saylor. I don’t know the guy. But I don’t know. There is something or two about him that just gives me some pause. So I would rather own the Bitcoin directly if I was given a choice.

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