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Wall Street investment institution Bernstein issued a research report on Thursday, covering MicroStrategy (MSTR) for the first time. Citing the promising prospects of the "Bitcoin strategy", it gave the stock an "outperform" rating and a target price of the stock. It also predicts that Bitcoin will reach US$200,000 in 2025 and is expected to exceed US$1 million by 2033.
Bernstein pointed out in the report that MicroStrategy began to purchase Bitcoin as a reserve asset in 2020. It took only 4 years to transform from a small software company to a "Bitcoin giant" and currently holds 214,400 Bitcoins (worth more than 143 billion), accounting for 1.1% of the total Bitcoin supply.
