Benchmark gives MicroStrategy a buy rating, predicting that Bitcoin will reach $125,000 by the end of 2025
According to a report by CoinDesk, the investment bank Benchmark pointed out in a research report that MicroStrategy (MSTR) occupies most of the valuation of software companies with its unique Bitcoin (BTC) acquisition and holding business model. Benchmark has given the stock a buy rating and set a target price of $990. The report mentioned that the launch of Bitcoin ETFs and the upcoming halving will have a positive impact on cryptocurrency prices. Benchmark predicts that by the end of 2025, the price of Bitcoin will reach $125,000. In addition, MicroStrategy's software business provides solid support for valuation and generates cash flow for further purchases of Bitcoin.
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
The Secretary of the National Security and Defense Council of Ukraine and his team have departed for the United States.
Shanghai's fintech industry scale in 2024 is approximately 440.5 billions yuan.
A certain whale shorted 5,000 ETH with 5x leverage, worth approximately $15.02 million.
Froggie market cap is now $8.18 million, with a 24-hour increase of 37.09%.
Trending news
MoreCrypto prices
More
