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-0.00154365470088862 -0.000361741131999556 -0.00312692370441694 -0.0065568186379039 -0.00319859431774531 -0.0183699600573157 -0.0414316087733171 -0.0394508936413312
Stock impact report

Bernstein: Bitcoin Price Could Hit $200,000 Next Year And Then Head For $1,000,000 [Forbes]

MicroStrategy Incorporated - Class A (MSTR) 
Last microstrategy incorporated - class a earnings: 4/28 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.microstrategy.com
Company Research Source: Forbes
The bullish prediction comes after Bernstein initiated coverage on software developer MicroStrategy, known as the largest corporate holder of Bitcoin, with an "outperform" rating. MicroStrategy currently holds approximately 1.1% of the global Bitcoin supply, valued at around $14.5 billion as of this writing. Over the past four years, the company has transitioned from an obscure software firm to one of the trailblazers in the cryptocurrency space, according to a Bernstein research report. Zooming out Bernstein's coverage of MicroStrategy is not so much an investment in MicroStrategy's fundamentals as it is a “leveraged” bet on bitcoin. “MicroStrategy positions itself as an active leveraged bitcoin strategy versus passive spot exchange-traded funds (ETFs),” the report said. Bernstein's optimistic outlook on Bitcoin's price banks on the unprecedented demand from spot ETFs and the limited supply of the cryptocurrency—which could drive Bitcoin to $500,000 by 2029, an increase fr Show less Read more
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