🔥💥Microstrategy receives buy.recommendation from Benchmark, which predicts Bitcoin will reach $125,000

#MicroStrategy Inc. (MSTR) received a Buy recommendation and a $990 per share price target from Benchmark in a client note on Tuesday.

Analysts believe that the company's shares are a strategic investment opportunity in anticipation of the upcoming decline in Bitcoin rewards. The investment firm's price target for the stock stems from its prediction that Bitcoin's value will rise to $ 125,000 by the end of 2025, compared to the previous day's closing price of $ 54,578.

Benchmark explained that the recommendation and price target are "based on a combined valuation approach that includes (1) the projected value of the company's Bitcoin assets by the end of 2025 and (2) the projected value of its enterprise analytical software operations by the end of 2025."
It is important to note that the first three decreases in Bitcoin rewards were followed by significant increases in the value of Bitcoin," they continued. "In the 12 months after the first discount in November 2012, the value of Bitcoin climbed from about $ 12 to almost $ 1,000. After the discount in July 2016, the value of Bitcoin rose from $ 650 to $ 2,550 over the next 12 months."

The firm also predicts that the combination of increased demand for Bitcoin due to the launch of several #Bitcoin exchange-traded funds and a slowdown in Bitcoin production due to reward discounting "could significantly raise the value of the cryptocurrency in the next few years."
"Although some analysts October think that the launch of Bitcoin exchange-traded funds in the US may negatively affect MSTR's share price, we believe that the stock still offers a significant investment attraction, as equity investors who previously bought shares instead of Bitcoin now have additional options," Benchmark said.
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