“This conviction is reinforced by the diminishing effects of MicroStrategy’s recent stock split,” analyst Mads Eberhardt wrote, adding that the launch of options on spot bitcoin exchange-traded funds (ETFs) in the U.S will also lessen the motivation for investors to hold the stock over these ETFs.
Related posts
-
Bitcoin Technical Analysis: Upward Momentum Stays Strong Across Short and Long-Term Averages
Bitcoin’s price holds at $68,499 today within a 24-hour range of $66,964 to $68,750, with a... -
First Mover Americas: BTC Recovers From Friday's Slide to Reclaim $68.5K
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 28, 2024.... -
BTC Miner Core Scientific Uniquely Positioned to Capture AI Demand, Initiate at Buy: Jefferies
The investment bank initiated coverage of the bitcoin miner with a buy rating and a $19...