Is It Too Late to Buy MicroStrategy Stock?
Bitcoin is soaring again. The cryptocurrency's price recently passed $90,000 to a new all-time high. It's up by close to 1,000% in the last five years. That has to make (NASDAQ: MSTR) and its ex-CEO, Michael Saylor, happy. The software company that has turned itself into a Bitcoin investment vehicle is up by close to 400% and is now making more aggressive moves to add to its Bitcoin holdings.
Saylor has said he thinks Bitcoin could hit a price of $13 million by 2045. That may sound laughably optimistic, and investors shouldn't take that exact price target too seriously, but in retrospect, it now looks like Saylor was onto something in 2020 when he started using the funds on MicroStrategy's balance sheet to buy large quantities of Bitcoin. Now, he plans to further step on the accelerator.
Is it too late to get in on MicroStrategy stock, or should you consider buying some shares as a way to get in on the Bitcoin bull run?
Source Fool.com
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