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Bitcoin could rally well above $100,000.
That’s according to Michael Terpin, the founder of crypto venture capital firm Transform Ventures, as quoted by Forbes.
“October and November are historically strong months for Bitcoin, especially in the year of the halving and the year after,” he adding, adding that a Trump presidency could summon a “rush of new buyers” and bring Bitcoin’s price “over $100,000.”
After all, Donald Trump has positioned himself as pro-crypto.
In fact, back in July, he declared he wants the U.S. to become the “crypto capital of the planet” and Bitcoin the “superpower of the world.”
Vice President Kamala Harris also signaled support for what she referred to as “innovative technologies,” including digital currencies. As quoted by Fortune, Harris said, “We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors.”
While you can always buy Bitcoin directly, you can also buy Bitcoin-related stocks, like MicroStrategy (MSTR).
With a market cap of $37.9 billion, MicroStrategy (MSTR) provides business intelligence, mobile software and cloud-based services.
But what makes it really exciting is its 252,220 Bitcoin holdings – which are now worth just over $15.6 billion at the moment. That means every time Bitcoin runs, the value of MSTR’s BTC holdings runs, which sends shares of MSTR screaming higher.
Even better, they’re not done buying Bitcoin.
As noted by MSTR Executive Chair Michael Saylor, as quoted by TheStreet.com:
“MicroStrategy is the largest public company holder of Bitcoin,” Saylor began. ‘Nearly all of our market cap is levered to Bitcoin itself.’ He emphasized that while Bitcoin has a volatility of about 50, MicroStrategy has ‘levered that up by 20 to 30%,’ resulting in higher volatility and potentially higher returns.”
He added, “MicroStrategy outperformed all 500 of the S&P 500 companies over the last four years, including Nvidia. We’re up a thousand percent. We stay in our lane, and our lane is we are long levered Bitcoin, and we think that’s enough.”
In short, as long as Bitcoin can push higher, MSTR is a standout way to trade it.
Analysts and funds love the stock just as much as we do. Barclays, for example, just initiated an overweight rating on the MSTR stock with a $173 target, adding that “MSTR feels like a BTC index fund that is also capable of generating its own investment capital.”
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