Bitcoin

April

MicroStrategy (MSTR) is setting its sights on new heights as the much-anticipated Bitcoin halving draws near. Analysts at Benchmark believe the stock is poised for a significant surge, fueled by the potential rise in Bitcoin prices triggered by the event.
Scheduled for around April 20th, the halving will cut the new supply of Bitcoin in half, historically leading to price explosions. Analyst Mark Palmer highlights that past halvings (2012, 2016, 2020) were followed by surges in Bitcoin’s price.
Benchmark isn’t just optimistic; they’ve put their money where their mouth is, raising their price target for MicroStrategy to a whopping $1,875. This ambitious target hinges on their prediction that Bitcoin will hit a staggering $150,000 by the end of 2025.
MicroStrategy’s unique business model, centered around acquiring and holding Bitcoin, positions them perfectly to capitalize on a price surge. Benchmark expects them to continue buying Bitcoin using capital from the markets and their software business.&nbsp;
They estimate MicroStrategy’s Bitcoin holdings will reach 298,246 by year-end 2025, compared to the 214,246 reported in March 2024. The company is expected to keep adding to its Bitcoin coffers using funds from its software business and capital markets ventures
With both rising Bitcoin prices and a strategic approach to the cryptocurrency, MicroStrategy’s stock appears to be on a clear upward trajectory. So, for investors looking to ride the Bitcoin wave, MicroStrategy (MSTR) could be an enticing option.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/04/06/microstrategys-stock-surge-on-bitcoin-halving-and-etf-hopes/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">MicroStrategy’s Stock Surges on Bitcoin Halving and ETF Hopes</a>
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Microstrategy Stock MSTR to go high as Bitcoin Halving looms

The Crypto Times

Alte articole publicate pe 9 apr. 2024

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