Published

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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