MicroStrategy Now Holds $13.6B Worth of Bitcoin, 1% of Total Circulating Supply: Canaccord
MicroStrategy cut its price target to $1,590 from $1,810 after acquiring more bitcoin and reporting a net loss due to digital asset impairment charges. [ more ]
Markus Thielen of 10X Research predicts that bitcoin will reach $70,000 by the end of 2024.
Thielen cites the macro environment, monetary tailwinds, and increasing demand from traditional finance (TradFi) investors as factors supporting the bitcoin rally. [ more ]