MicroStrategy has seen an unprecedented upward trend in share movement thanks to the Bitcoin bull run and ETF approval. Bloomberg in its report says that the the gains could continue the momentum once the awaited Bitcoin Halving happens. The supply and demand reaction that halving usually creates leads to Bitcoin prices rising. This could further help MicroStrategy gain more in terms of share movement.
MicroStrategy May See Higher Stock Gains
Bloomberg highlights that according to experts at BTIG, MicroStrategy Inc.’s 150% increase—which was fueled by a significant wager on Bitcoin—may rise even higher as the cryptocurrency climbs.
On Friday, analyst Andrew Harte raised his price target to $1,800, suggesting that the shares may rise by at least 10% from their current level of trade. That is more than twice as much as his previous goal of $780.
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MicroStrategy Bullish About Halving
MicroStrategy has been extrem
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