2024

Bitcoin

Million

GameStop

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
In a recent tweet, a member of the crypto community unveiled a groundbreaking theory concerning the stock float compression of&nbsp;<a href="https://u.today/major-secret-of-microstrategy-revealed-by-bitcoiner-samson-mow" rel="noopener noreferrer nofollow">MicroStrategy (MSTR)</a>. The individual elaborated on what they termed the "compression multiple theory," drawing parallels between the trading dynamics of GameStop (GME) during the 2021 short squeeze and the current situation with MSTR.
According to the theory, MSTR's stock float compression, driven by a combination of forced buy-side volume and resilient retail investors, mirrors the pattern observed in GME during its unprecedented surge. The tweet predicts that MSTR, currently trading at approximately 1.2 times its net assets, could potentially see a surge in value akin to GME's multiple of net assets, which reached 49 times during the short squeeze.
The anticipation is for MSTR to trade near the net assets witnessed in 2021, around four times, driven by factors such as increasing retail interest in&nbsp;<a href="https://u.today/cardano-ada-secures-crucial-breakthrough-ethereum-eth-breaks-new-high-solana-sol-on-verge-of" rel="noopener noreferrer nofollow">Bitcoin</a> and bullish sentiment. The theorist attributes this compression phenomenon to the proportion of passive investors in MSTR and changes in allocations to related indexes.
<blockquote>
 Will be interesting. I’m bullish on <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MSTR</a>.— Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1757618420345143784?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 14, 2024</a>
</blockquote>
Responding to the tweet, prominent crypto entrepreneur&nbsp;<a href="https://x.com/Excellion/status/1757618420345143784?s=20" rel="noopener noreferrer nofollow">Samson Mow</a> expressed his bullish outlook on MSTR, indicating the sentiment shared by many within the crypto community. MicroStrategy's significant holdings of 190,000&nbsp;<a href="https://u.today/bitcoin-btc-price-prediction-for-february-13" rel="noopener noreferrer nofollow">BTC</a> and $3.5 billion in unrealized gains further bolster the optimism surrounding the company's prospects.
The implications of this theory extend beyond the realm of finance, with the theorist warning of potential disruptions across various sectors, including government, real estate, banking and AI.
As MSTR continues to attract attention within the crypto community, the stage is set for a potential market upheaval, with Bitcoin advocate Samson Mow among those bullish on its prospects.

'$1 Million for BTC' Samson Mow Bullish on MicroStrategy After Learning This

U_Today

Outros artigos publicados em 14 de fev. de 2024

New “Memory Feature” of ChatGPT to Improve User-Experience

Why is PROM Price Up By 69%?

Bitcoin: -2% after the US inflation report

Starknet To Airdrop STRK Tokens To 1.3 Million Wallets Next Week

Galaxy Digital’s Mike Novogratz Cites US Debt Concerns as Bitcoin Support

Bitcoin ETFs haven’t cannibalized spot Bitcoin trading — Robinhood CFO

Join our free newsletter for daily crypto updates!