Microstrategy Could Benefit Immensely Following Bitcoin Halving Event
Berenberg Capital Markets recently published a research note suggesting that the upcoming Bitcoin halving event could potentially impact the share price of Microstrategy, a software firm based in the United States.
Berenberg speculates that the fourth Bitcoin halving might trigger a significant surge in the stock price for Microstrategy, as the company is known for its strong support of the flagship cryptocurrency.
The analysis focuses on the substantial Bitcoin holdings of Microstrategy, which currently exceed 150,000 units. The investment bank anticipates that a rally similar to previous halvings could have a positive effect on the prices for both Bitcoin and Microstrategy shares.
A recent research report from Standard Chartered further supports the positive outlook for Microstrategy. The British banking giant raised its Bitcoin price target, projecting that the leading cryptocurrency could reach $130,000 by the end of 2023.
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