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Berenberg analysts prefer MicroStrategy over Coinbase for exposure to cryptocurrencies

Berenberg analysts have differing opinions on MicroStrategy Inc and Coinbase Global Inc. They believe that MicroStrategy is a better choice for exposure to cryptocurrencies due to its unique business model and potential for growth, with a projected increase to $340 a share. However, they only have a "hold" rating for Coinbase stock due to ongoing regulatory scrutiny, with a price objective of $55 a share. MicroStrategy is considered to be insulated from such risks as Bitcoin has already been classified as a commodity and not a security, while the correlation between MSTR and COIN is currently at about 0.96.

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