Based

2024

Bitcoin

<div class="finbold">
 <p class="paragraph">Few years in recent memory have been as good for Bitcoin (BTC) as 2024. The world’s premier cryptocurrency not only saw the approval of the first-ever U.S. spot BTC exchange-traded funds (ETFs) but has also been surging in the crypto market.</p>
 <p class="paragraph">In fact, Bitcoin price rose 40.11% year-to-date (YTD) from approximately $44,000 to its press time price of $61,937.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/Eg_6WSPT8kxk2KYYxsakTr6q15BEE-V6Lwjdk6l6DSv5K0CTQ99617NiLLNtRj1l1BszgAdmotULq1AkBeOhrmrVT6VgIlnZBeQWi1jH68CCjnlWf2wzjaMYcz5zJboSazO1ayXTYwPL39IHXei0ILY" alt>
  <figcaption class="wp-element-caption">
   BTC YTD price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">Still, one Bitcoin-related <a rel="noopener noreferrer nofollow" title="stock" href="https://thebittimes.com/tag/stock.html">stock</a> has managed to outperform the world’s foremost cryptocurrency with its yearly growth – Michael Saylor’s MicroStrategy (NASDAQ: MSTR) – despite widespread fears that the approval of BTC ETFs would dampen its correlation with the coin.</p>
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 <p class="paragraph">Now, with a Bitcoin surge to $100,000 appearing very likely on the eve of the highly-anticipated halving event – an event that historically led to BTC value rising tenfold, and sometimes even a hundredfold – Finbold decided to try and figure out how high MSTR could go under such circumstances.</p>
 <h2 class="wp-block-heading" id="h-mstr-stock-price-chart">MSTR stock price chart</h2>
 <p class="paragraph">To estimate how high MicroStrategy could go should Bitcoin continue surging, we first need to know how much it has already risen compared to the cryptocurrency.</p>
 <p class="paragraph">Perhaps surprisingly – especially given that MSTR shares plunged 20% in the first 48 hours after the ETF approvals – Michael Saylor’s company actually outperformed Bitcoin in 2024.</p>
 <p class="paragraph">In the same time frame that saw BTC rise 40.11%, MicroStrategy surged 49.29% – from approximately $685 at the start of the year to $1,022.84 at the <a rel="noopener noreferrer nofollow" title="stock" href="https://thebittimes.com/tag/stock.html">stock</a> market’s close on February 29.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/W5Fls7y5L3qxceGgFdRgS__gAV6T5o_KJ5xv9oXXclMze3JpgeMREQD-aW9yLX4wkbLBDUHlvkGCqTFR38IF_YMkm9S_InqO2ZnOMKkH2qPArN0JF4O2BTP8AL0co58oBcHIPGRcyY1oSz6VBP8YBPc" alt>
  <figcaption class="wp-element-caption">
   MSTR YTD stock price chart. Source: Google
  </figcaption>
 </figure>
 <p class="paragraph">Based on this, we know that in 2024, MSTR shares rose approximately 1.23% for every 1% increase in Bitcoin value.</p>
 <h2 class="wp-block-heading" id="h-how-much-could-mstr-stock-surge-if-btc-reaches-100-000">How much could MSTR stock surge if BTC reaches $100,000?</h2>
 <p class="paragraph">To reach $100,000, Bitcoin would need to increase in price by another 61.58% and climb as much as $38.063.&nbsp;</p>
 <p class="paragraph">While such a surge might appear implausibly large at first glance, it is worth remembering that, in the last 5 days alone, BTC rose as much as $10,000. This means that the coin would need less than 4 more such bull runs – or 19 additional days at the current average climbing rate – to reach the target price.</p>
 <p class="paragraph">Given MicroStrategy’s slight outpacing of Bitcoin – and assuming the ratio remains level in the foreseeable future – MSTR <a rel="noopener noreferrer nofollow" title="stock" href="https://thebittimes.com/tag/stock.html">stock</a> is likely to rise 75.67% by the time BTC price reaches $100,000 – and find itself closer than ever to its former all-time highs above $3,000 at approximately $1,796.82.</p>
 <p class="paragraph"><em>Buy <a rel="noopener noreferrer nofollow" title="stock" href="https://thebittimes.com/tag/stock.html">stock</a>s now with eToro – trusted and advanced investment platform</em></p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/how-much-will-microstrategy-stock-be-worth-if-bitcoin-hits-100-000-tbt81282.html">https://thebittimes.com/how-much-will-microstrategy-stock-be-worth-if-bitcoin-hits-100-000-tbt81282.html</a></p>

How much will MicroStrategy stock be worth if Bitcoin hits $100,000?

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