{"id":22197,"date":"2023-07-11T13:16:48","date_gmt":"2023-07-11T13:16:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/microstrategy-set-to-benefit-from-bitcoin-halving\/"},"modified":"2023-07-11T13:16:48","modified_gmt":"2023-07-11T13:16:48","slug":"microstrategy-set-to-benefit-from-bitcoin-halving","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/microstrategy-set-to-benefit-from-bitcoin-halving\/","title":{"rendered":"MicroStrategy Set to Benefit from Bitcoin Halving"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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\u2018Tech giant MicroStrategy, under the helm of chairman and founder Michael Saylor, eagerly anticipates the upcoming Bitcoin halving<\/a>. This significant event, slated for April 26, 2024, could breathe new life into Bitcoin-associated stocks, notably MicroStrategy.<\/p>\n

An insightful research note from Berenberg Capital Markets, a New York-based investment firm, posits a bullish perspective on MicroStrategy. Berenberg pegs MicroStrategy\u2019s value at a robust $430 price target. This optimism stems largely from MicroStrategy\u2019s impressive Bitcoin reserve \u2013 a whopping 152,333 units as of June 28<\/a>. The firm predicts a potential upswing in MicroStrategy\u2019s share price correlating with the forthcoming Bitcoin halving rally.<\/p>\n

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The analysts at Berenberg anticipate a repeat of Bitcoin<\/a>\u2018s historical rally pattern, occurring both before and after each halving event. Such an occurrence is significant, as Bitcoin halving cuts the new Bitcoin issuance rate in half, thereby reducing the speed at which fresh Bitcoin hits the crypto market.<\/p>\n

Berenberg underscores a historical precedent of surges in Bitcoin\u2019s price following each halving cycle. Specifically, Bitcoin\u2019s value has experienced a minimum upsurge of 682% in prior cycles. This trend is quite remarkable \u2013 Bitcoin\u2019s price, at about $12 around its first halving event on November 28, 2012, soared to a high of $1,164 a year later.<\/p>\n

However, the analysts caution that the future rally\u2019s \u201cpotential magnitude\u201d remains uncertain until the overall Bitcoin demand is considered. They note that Bitcoin\u2019s supply follows a \u201cpredetermined path,\u201d yet demand remains variable and unpredictable. To that end, they point to the influx of recent spot Bitcoin ETF applications from some of the world\u2019s most prominent asset managers as a promising sign of increasing institutional adoption of Bitcoin.<\/p>\n

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177% up to 5BTC + 77 Free Spins<\/strong>!<\/strong> <\/p>\n

New players only. Exclusive 177% Welcome Bonus + 77 Free Spins in Aztec Magic Deluxe <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

The research note also highlights BlackRock CEO Larry Fink\u2019s recent encouraging remarks about Bitcoin. On July 5, Fink voiced his strong conviction in Bitcoin\u2019s potential, echoing the sentiments of a die-hard Bitcoin maximalist by referring to Bitcoin as the \u2018Digital Gold<\/a>.<\/p>\n

Since the start of 2023, MicroStrategy shares have appreciated by 175%, with a current trading value slightly above $400. Meanwhile, Bitcoin has seen an over 80% surge since the beginning of the year. These gains reflect the promising potential of the upcoming Bitcoin halving event.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) \u2018Tech giant MicroStrategy, under the helm of chairman and founder Michael Saylor, eagerly anticipates the upcoming Bitcoin halving. This significant event, slated for April 26, 2024, could breathe new life into Bitcoin-associated stocks, notably MicroStrategy. An insightful research note from Berenberg Capital Markets, a New York-based […]<\/p>\n","protected":false},"author":5,"featured_media":22198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22197"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22197"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22198"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}