MicroStrategy (MSTR) a Bitcoin (BTC) Magnet: Bernstein
- MicroStrategy has built a large Bitcoin position, making its stock a proxy for the cryptocurrency, owning about 1.7% of the world's Bitcoin supply, according to Chhugani.
- Bernstein expects MicroStrategy's Bitcoin ownership to grow to 4% by 2033, which could attract billions into Bitcoin.
- Bernstein believes Bitcoin is in a bull market supported by regulations and institutional adoption, indicating potential upside for MicroStrategy's stock.
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Coverage Details
Total News Sources0
Leaning Left1Leaning Right1Center2Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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