Better Buy: Bitcoin or MicroStrategy?
After a huge post-election rally, Bitcoin (CRYPTO: BTC) just hit another all-time high, and is on the cusp of breaking through the $100,000 mark for the first time ever. For the year, it is now up 110%.
But what if I told you that there was a crypto stock that was absolutely crushing Bitcoin's performance this year? That's right: MicroStrategy (NASDAQ: MSTR) is now up 462% for 2024 and is doing so on the basis of an aggressive strategy that involves buying as many bitcoins as it possibly can. So which is the better buy right now, Bitcoin or MicroStrategy?
To answer that question, you first have to understand how MicroStrategy has fundamentally changed its business over the past few years. It started in August 2020, when it became the first publicly traded company to buy Bitcoin as part of its capital allocation plan.
Source Fool.com
Microstrateg.a New Stock
The stock is one of the favorites of our community with 34 Buy predictions and 3 Sell predictions.
Based on the current price of 132.15 € the target price of 495 € shows a potential of 274.57% for Microstrateg.a New which would more than double the current price.
