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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/analyst-predicts-bitcoin-price-rise-this-month/" data-wpel-link="internal">Analyst Predicts Bitcoin Price Rise This Month</a><br></p>
<p style="text-align: justify">TD Cowen analyst Lance Vitanza mentioned that he expects Bitcoin’s (BTC) <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">price</a> to rise this month and that the shares of MicroStrategy, holding billions in BTC, could also rise along with the largest cryptocurrency. Vitanza added that MicroStrategy’s shares could be significantly higher by the end of the year than they are now.</p> 
<h2 style="text-align: justify" id="strong-bitcoin-expected-to-rise-this-month-strong"><strong>Bitcoin Expected to Rise This Month</strong></h2> 
<p style="text-align: justify">In a client note published on May 6, Vitanza stated that Bitcoin has significant potential for a price surge this month due to two key catalysts, and that shares of MicroStrategy, led by Michael Saylor, could also be significantly higher by the end of the year.</p> 
<p style="text-align: justify">It is known that MicroStrategy reported a net loss of $53.1 million for the first quarter of 2024 last week. This loss was primarily due to a $191.6 million loss resulting from the decline in Bitcoin’s price. The company’s situation is mainly due to not adopting a new digital asset fair value accounting standard that would have significantly profited from Bitcoin’s rally earlier in the year.</p> 
<h2 style="text-align: justify" id="strong-two-catalysts-that-could-boost-bitcoin-and-microstrategy-shares-strong"><strong>Two Catalysts That Could Boost Bitcoin and MicroStrategy Shares</strong></h2> 
<p style="text-align: justify">According to Vitanza, MicroStrategy shares, which have increased by 89% since the beginning of the year, could see a significant rise due to two main catalysts that could boost Bitcoin’s price. The deadline for corporate <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investment</a> managers to submit their SEC Form 13-F is May 15, 2024.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-348539" src="https://coin-turk.com/wp-content/uploads/2024/05/Bitcoin-BTC-Fiyat.jpg" alt="" width="1624" height="792"></p> 
<p style="text-align: justify">The analyst assesses that showing more <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">companies</a> have purchased newly approved spot Bitcoin exchange-traded funds (ETFs) in the first quarter would indicate greater institutional acceptance of the leading cryptocurrency and could directly boost its price.</p> 
<p style="text-align: justify">Vitanza also mentioned another event that could be positive for Bitcoin and thus for MicroStrategy, which is the SEC’s rejection of a spot <a href="https://en.coin-turk.com/ethereum-price-dynamics-and-technical-analysis/" data-wpel-link="internal">Ethereum</a> ETF, an event many in the industry have been anticipating. Vitanza believes, “This is significant because while Ethereum’s fate might be up in the air until 2025 or longer, there is a high amount of capital waiting for a digital winner to be declared. If Bitcoin proves to be this winner, the demand could increase, and considering the last block reward halving, the rise could be extremely sharp.”</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/analyst-predicts-bitcoin-price-rise-this-month/" data-wpel-link="internal">Analyst Predicts Bitcoin Price Rise This Month</a></h5>

Analyst Predicts Bitcoin Price Rise This Month

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