Benchmark gives MicroStrategy a buy rating, predicting that Bitcoin will reach $125,000 by the end of 2025

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2024/02/27 15:21

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.

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