According to ChainCatcher news and a report from CoinDesk, since MicroStrategy announced its inclusion in the Nasdaq 100 index, its stock price has plummeted significantly, currently down about 30% from the peak on December 14, falling from a peak of $543 to $300, marking a decline of approximately 45% over five weeks.
Nevertheless, its stock price still rose over 400% in 2024, having increased about 20 times since it started purchasing Bitcoin in 2020. Analysts point out that this adjustment may be the result of a burst of overly optimistic sentiment, in line with George Soros' 'reflexivity theory' concerning the cyclical phenomenon of price fluctuations. At the same time, MicroStrategy's Bitcoin strategy has attracted followers while also intensifying market attention on its future volatility.
