Multibagger Cryptocurrency Stock Rises 1,300 Points in 1 Year
The cryptocurrency market rallied hard this year as Bitcoin (BTC) reached a new all-time high of $73,737 during mid-March. The publicly traded company MicroStrategy Inc. is among the largest accumulators of Bitcoin and its founder Michael Saylor is a BTC proponent. MicroStrategy stock (NASDAQ: MSTR) has surged tremendously in value in the last 365 days and moved in tandem with the cryptocurrency market.
Also Read: Gold Prices Forecasted to Reach $7,000: Here’s When
The cryptocurrency-owned firm MicroStrategy currently holds 214,246 Bitcoins which is currently worth a staggering $14,214,954,292 (14.2 billion). Similar to how the cryptocurrency Bitcoin surged in price, MicroStrategy stock printed phenomenal gains in a year.
Multibagger Cryptocurrency Stock MicroStrategy Spikes 1,300 Points in 1 Year
MicroStrategy stock was trading for $298 on April 4, 2023. Fast-forward a year today, the stock price is a multibagger that spiked 1,300 points in a year. The price of one MicroStrategy stock currently stands at $1,606, which is a surge of 437% year-on-year (YoY).
Also Read: US Economy’s Biggest Crash Will Send Bitcoin To $200
The surge in price for the cryptocurrency-based stock MicroStrategy comes after financial analysts recommended a ‘strong buy’. Around four Wall Street analysts rated in consensus on MicroStrategy labeling the stock a strong buy.
Also Read: Cryptocurrency: Man Misses Earning $1 Million With $40 Investment
The multibagger stock has attracted heavy bullish sentiments this year and investors pour in from retail and institutional firms. The surge in Bitcoin’s price is also helping MicroStrategy stock to print new monthly highs this year in 2024.
In addition, Saylor has been promoting Bitcoin and the cryptocurrency market in interviews about NYSE, NASDAQ, and stock prices. The constant barrage of promotions has piqued the interest of investors who want to try their hands on Bitcoin.
The surge in price for MicroStrategy comes after the Dow Jones Industrial Index and the S&P 500 hit new highs. In conclusion, MicroStrategy is among the multibagger stocks of the year that positions itself in Bitcoin and the cryptocurrency market.
Read More
Strategy Isn’t Driving Bitcoin Price—Data Debunks the Hype, Expert Says
Multibagger Cryptocurrency Stock Rises 1,300 Points in 1 Year
The cryptocurrency market rallied hard this year as Bitcoin (BTC) reached a new all-time high of $73,737 during mid-March. The publicly traded company MicroStrategy Inc. is among the largest accumulators of Bitcoin and its founder Michael Saylor is a BTC proponent. MicroStrategy stock (NASDAQ: MSTR) has surged tremendously in value in the last 365 days and moved in tandem with the cryptocurrency market.
Also Read: Gold Prices Forecasted to Reach $7,000: Here’s When
The cryptocurrency-owned firm MicroStrategy currently holds 214,246 Bitcoins which is currently worth a staggering $14,214,954,292 (14.2 billion). Similar to how the cryptocurrency Bitcoin surged in price, MicroStrategy stock printed phenomenal gains in a year.
Multibagger Cryptocurrency Stock MicroStrategy Spikes 1,300 Points in 1 Year
MicroStrategy stock was trading for $298 on April 4, 2023. Fast-forward a year today, the stock price is a multibagger that spiked 1,300 points in a year. The price of one MicroStrategy stock currently stands at $1,606, which is a surge of 437% year-on-year (YoY).
Also Read: US Economy’s Biggest Crash Will Send Bitcoin To $200
The surge in price for the cryptocurrency-based stock MicroStrategy comes after financial analysts recommended a ‘strong buy’. Around four Wall Street analysts rated in consensus on MicroStrategy labeling the stock a strong buy.
Also Read: Cryptocurrency: Man Misses Earning $1 Million With $40 Investment
The multibagger stock has attracted heavy bullish sentiments this year and investors pour in from retail and institutional firms. The surge in Bitcoin’s price is also helping MicroStrategy stock to print new monthly highs this year in 2024.
In addition, Saylor has been promoting Bitcoin and the cryptocurrency market in interviews about NYSE, NASDAQ, and stock prices. The constant barrage of promotions has piqued the interest of investors who want to try their hands on Bitcoin.
The surge in price for MicroStrategy comes after the Dow Jones Industrial Index and the S&P 500 hit new highs. In conclusion, MicroStrategy is among the multibagger stocks of the year that positions itself in Bitcoin and the cryptocurrency market.
Read More