Analyst: BTC reaching $150,000 by the end of 2025 will increase MicroStrategy's stock price by approximately 60%
Benchmark financial technology analyst Mark Palmer estimates that if BTC reaches $150,000 by the end of 2025, the price of MicroStrategy (MSTR) will reach $2,150 per share (or $215 per share after MSTR's 10-for-1 stock split on August 9). As of August 2024, the trading price of this stock is about $132. This means that Palmer predicts a 300% increase in the spot price of BTC would only cause an approximately 60% rise in MSTR's stock price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nichirei says cyberattack risks leak of Japan employee data
Why do tech stocks become "cheaper as they rise"? 80% profit surge supports valuations, but if AI expectations fall short, they will instantly become expensive.
In a bear market, it is usually necessary to smash stock prices to pieces with a hammer to make stocks cheaper. However, technology stocks have found another path.
EUR/JPY Price Forecast: Tests rising wedge bottom near 184.00
10-Yr Benchmark Govt Yields - U.S. vs Other Nations
Crypto prices
More
