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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoins-impressive-rally-and-microstrategys-stock-outlook/" data-wpel-link="internal">Bitcoin’s Impressive Rally and MicroStrategy’s Stock Outlook</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/cryptoquant-guncel-on-chain-verilerine-isaret-etti-borsalarda-buyuk-olcekli-btc-cikisi" data-wpel-link="internal">Bitcoin</a> (<a href="https://en.coin-turk.com/sec-chairman-gensler-discusses-legal-frameworks-impacting-bitcoin-etf-decisions/" data-wpel-link="internal">BTC</a>) has experienced a historical performance, with significant moments in its relatively brief past. Notably, <a href="https://en.coin-turk.com/analyst-bitcoin-to-reach-55000-will-take-until-april-2024/" data-wpel-link="internal">Bitcoin</a> has not only received approval from the <a href="https://en.coin-turk.com/analyst-highlights-ethereum-and-bitcoin-dynamics-for-investors/" data-wpel-link="internal">SEC</a> for US spot BTC exchange-traded funds (ETFs) but also enjoyed an incredible surge, reaching $64,000 within 50 days.</p> 
<h2 style="text-align: justify" id="current-state-of-bitcoin">Current State of Bitcoin</h2> 
<p style="text-align: justify">Since the beginning of 2023, Bitcoin (BTC) has seen a 40.11% increase, climbing from $44,000 to $61,937 at the time of writing.</p> 
<p style="text-align: justify">One stock, in particular, has capitalized on this ascent: MicroStrategy (NASDAQ: MSTR), led by Michael Saylor. Contrary to those who anticipated a price drop and potential harm to companies following the ETF approvals, BTC has instead facilitated MicroStrategy’s rise.</p> 
<p style="text-align: justify">Now, with the upcoming halving event, which historically has led to significant increases in Bitcoin’s value, the possibility of Bitcoin reaching $100,000 is being considered, raising curiosity about how high MSTR’s stock could potentially climb.</p> 
<h2 style="text-align: justify" id="microstrategy-stock-outlook">MicroStrategy Stock Outlook</h2> 
<p style="text-align: justify">To predict where MicroStrategy’s stock could head, it’s essential to examine its correlation with Bitcoin’s price movements.</p> 
<p style="text-align: justify">Looking back to when the ETF was approved, MSTR’s stock initially dropped by 20% within the first 48 hours. However, following its subsequent rise, it became evident that MicroStrategy had outperformed Bitcoin in 2024.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-321814" src="https://coin-turk.com/wp-content/uploads/2024/03/mstr-coin-turk-com.jpg" alt="" width="745" height="549"></p> 
<p style="text-align: justify">During the period when BTC rose by 40.11%, MSTR’s stock increased by 49.29%. This suggests that in 2024, for every 1% increase in Bitcoin’s value, MSTR’s shares rose by approximately 1.23%.</p> 
<h2 style="text-align: justify" id="what-could-mstr-s-value-be-if-btc-hits-100-000">What Could MSTR’s Value Be If BTC Hits $100,000?</h2> 
<p style="text-align: justify">For Bitcoin’s price to continue its trajectory and reach $100,000, it would need to increase by an additional 61.58%, which equates to a further price gain of $38,063.</p> 
<p style="text-align: justify">While such an increase might seem improbable at first glance, it’s noteworthy that Bitcoin has risen by $10,000 in just the last five days alone.</p> 
<p style="text-align: justify">Considering that MicroStrategy’s shares have outperformed Bitcoin and assuming a similar parallel rise in the near future, MSTR’s stock could potentially increase by 75.67% if Bitcoin’s price reaches $100,000. This would also bring MicroStrategy’s shares closer than ever to surpassing their all-time high, potentially between $1,796.82 and $3,000.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoins-impressive-rally-and-microstrategys-stock-outlook/" data-wpel-link="internal">Bitcoin’s Impressive Rally and MicroStrategy’s Stock Outlook</a></h5>

Bitcoin’s Impressive Rally and MicroStrategy’s Stock Outlook

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