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Bitcoin: Analyst explains why he nearly doubled price target for MicroStrategy $MSTR
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- Опубликовано: 7 апр 2024
- Benchmark Managing Director and Senior Research Analyst for Fintech and Digital Assets significantly raised his price target on MicroStrategy (MSTR), from $990 to $1,875, while reiterating the Buy rating on the stock. This move was prompted by the ongoing rally in Bitcoin (BTC-USD), as the much-anticipated halving event approaches. Palmer joins Market Domination to discuss his bullish outlook.
Palmer acknowledges the common question: "Why is MicroStrategy trading at such a big premium when investors can purchase Bitcoin themselves?" However, he notes that this view is "looking at things from a static standpoint." Instead, Palmer's strategy focuses on assessing how much Bitcoin MicroStrategy will hold in the coming years, what the price of Bitcoin will be at that time, and "how the company is going to be able to get to that higher level of Bitcoin holdings?"
Regarding Bitcoin's price outlook, Palmer predicts it will reach $150,000 by the end of 2025, driven by a "supply shock" during the Bitcoin halving, where the cryptocurrency's supply will be diminished. Additionally, he cites a "demand shock" resulting from the approval of spot Bitcoin ETFs, which have seen over $34 billion in inflows.
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So AFTER it hits $1900 he raises his "target" to $1875. That's some "analysis"!
Yep, he doesn't think it'll get as high as it did about a week ago? Sounds bearish to me.
Funny how these analysts and I use that word very lightly play pundits are more like it because they were always wrong 🤣 over 50% of the time they spew b******* all the time
Exactly...makes zero sense. It was overpriced for sure coupla weeks ago but this is part and parcel of MSTR stock value. Lots of arbitrage, very volatile. My target is $3000.
Saylor is the GOAT investor. Brilliant strategy.
Is he related to Steve Balmer?
"Not counting greyscale" that's like ignoring the elephant in the room
Are there no better arguments than these?
Slothana looks intriguing...might take a small gamble on it 🎰🤔
wonder how kerrisdale capital (who is shorting MSTR) thought about this.
"Sahm Adrangi, founder and chief investment officer of Kerrisdale Capital, was reportedly arrested early Saturday on charges of drunken driving and cocaine possession after a two-car smashup in the Hamptons. 15 Aug 2016"
They didn't.
MAKE IT GO BACK DOWN 🗣🗣🗣🔥🔥🔥
those who wanted it to go down got their wish
What are the profit indicators... What are you talking about?! This is the greediest market I have ever seen! Alternative coins generally stand at the bottom!... You forgot to mention the people who were left with nothing and got into a noose around their neck!
If you have such charts like Bitcoin and MSTR you can almost wait on a collapse........ It will come that's for sure, but when that's the question🤔..... Don't get stressed, use a decent stoploss instead😏...
Bodooooooooo
Bodooooooooooooo
Monopoly money is so exciting😂
The US dollar is money PEOPLE CAN DECIDE TO PRINT. Sounds more like Monopoly money, honestly.
Please, stay laughing on the sidelines while the dollar debases to nothing. Nation states, banks, and sovereign wealth funds are all buying as much Bitcoin as they can find, but they're all fools, and you are the smartest person in the room. Ignorance is bliss.