📉 MicroStrategy’s Rollercoaster Ride
After being added to the Nasdaq 100, $MSTR plunged ~30% from its Dec. 14 peak of $543 to $300, marking a 45% drop in 5 weeks. Despite this, 2024 YTD gain is 400%, and since adopting Bitcoin in 2020, the stock has surged ~20x!
🔍 What happened?
Analysts suggest this correction reflects over-optimism breaking down, aligning with Soros’ “reflexivity theory” on market cycles.
⚡️ With its Bitcoin strategy drawing followers, it also raises concerns about volatility risks ahead.
#MicroStrategy #bitcoin #Nasdaq100 #MarketTrends #crypto
