As a seasoned researcher with over two decades of experience in financial markets, I find the recent development surrounding MicroStrategy (MSTR) and Bitcoin intriguing. Having closely followed Cantor Fitzgerald since its inception in 1945, it’s fascinating to see such an established player in the financial world venture into the crypto realm. The $194 price target for MSTR shares, if achieved, would indeed imply a Bitcoin price of around $80,000 – a figure that would undoubtedly turn heads in the cryptocurrency space.
Based on the assessment by Blockstream CEO Adam Back, a MicroStrategy (MSTR) share price of $194 approximately equates to a Bitcoin value of around $80,000.
In simpler terms, the well-established American financial services company, Cantor Fitzgerald (founded in 1945), has started analyzing the stock of the largest corporation known for its Bitcoin holdings. They have set a projected price of $194 for this particular stock.
If the current relationship between the CMSTR and Bitcoin (CMSTR:BTC) stays consistent with the existing model, it appears that a $80,000 Bitcoin target could be achievable, as suggested by Back.
As a seasoned researcher in the ever-evolving world of fintech and digital assets, I find myself consistently intrigued by innovative solutions that bridge traditional financial markets with the burgeoning cryptosphere. This year, STOKR’s announcement of CMSTR Notes caught my attention due to its groundbreaking approach to tokenizing MicroStrategy shares and enabling direct trading against Bitcoin on Liquid, Blockstream’s Bitcoin sidechain.
At present, MicroStrategy’s shares are being exchanged for $137.52 each, representing a nearly 3% increase during this trading session. This surge can be attributed to the renewed positivity surrounding Bitcoin, as the price of the leading cryptocurrency significantly increased following the U.S. Federal Reserve’s implied confirmation of an imminent interest rate reduction. The Fed hinted at this move by announcing a “policy adjustment” during a speech delivered in Jackson Hole, Wyoming.
As a crypto investor, I’d have to see a nearly 42% surge for the value of my holdings to hit the price point proposed by Cantor Fitzgerald.
As a researcher, I noted that my investment in MicroStrategy stock reached its highest point at $191 in March, an observation that seemed to align perfectly with the peak price of Bitcoin around the same time.
In July, the company announced the implementation of a 10-for-1 stock split.
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2024-08-23 18:32