TD Cowen has taken a special interest in Michael Saylor’s MicroStrategy’s Bitcoin adoption model and claimed that Bitcoin represents a “superior store of value” in comparison to other forms of money,” TD Cowen’s pro-crypto words have taken the internet by a pleasant surprise. The...
- TD Cowen views MicroStrategy’s Bitcoin adoption as significant, seeing BTC as a superior store of value.
- A report by the investment banking firm highlights MicroStrategy’s strategic transformation from a defensive to an opportunistic approach.
- TD Cowen predicts an optimistic scenario for Bitcoin’s price rise but warns of a downside scenario due to regulatory actions.
TD Cowen has taken a special interest in Michael Saylor’s MicroStrategy’s Bitcoin adoption model and claimed that Bitcoin represents a “superior store of value” in comparison to other forms of money,” TD Cowen’s pro-crypto words have taken the internet by a pleasant surprise.
The investment banking company which recently shut down its digital assets unit, produced a report highlighting that MicroStrategy converts its surplus cash flow into bitcoin using effective leverage. According to the document, this move was a defensive measure to safeguard the value of its assets initially, but it has quickly transformed into an opportunistic strategy aimed at increasing shareholder value. The report adds:
This hybrid corporate strategy represents a paradigm shift, in our view.
As per a fo…
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