According to Berenberg Capital, the upcoming halving of Bitcoin in April 2024 could set the stage for an increase in MicroStrategy’s stock price.
Michael Saylor, co-founder and executive chairman of the technology company, is such a deep believer in the Bitcoin philosophy that he has adopted it within MicroStrategy’s books.
Let’s take a look at all the details together.
Bitcoin halving: bullish forecast for the MicroStrategy stock
Bullish predictions for the future of MicroStrategy shares emerge from analysts at Berenberg Capital, especially in view of the upcoming halving of Bitcoin, the main asset on the company’s balance sheets.
In particular, Bitcoin 4th halving, which will halve the rewards of miners to 3.125 BTC per mined block, could push the cryptocurrency’s price to new price horizons, positively impacting MicroStrategy’s profits.
In fact, the business intelligence firm based in Tysons Corner, Virginia, represents the private company with the highest number of Bit
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