Reported 7 months ago
Bernstein predicts that the price of Bitcoin could reach $1 million by 2033 and hit a cycle-high of $200,000 by 2025 as it initiates coverage of MicroStrategy. MicroStrategy, the largest corporate owner of Bitcoin, is advised to have limited liquidation risk due to its long-term convertible debt strategy. The company holds a substantial amount of Bitcoin and is seen as a leading Bitcoin company attracting significant capital for an active Bitcoin acquisition strategy.
Source: YAHOO