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Bitcoin Halving Expected to Boost MicroStrategy's Stock Value, Says Berenberg Capital Markets

Investment firm Berenberg Capital Markets has given a bullish outlook on MicroStrategy (MSTR), founded by Michael Saylor, ahead of the upcoming Bitcoin halving. Berenberg has set a $430 price target for the tech firm, which holds 152,333 Bitcoin.

The analysts predict that a Bitcoin halving rally could significantly increase the value of MicroStrategy's shares. Berenberg notes that previous halving cycles have seen Bitcoin's price surge by at least 682%, but the overall demand for Bitcoin must be considered before predicting the potential magnitude of a future rally.

Bitcoin Bitcoin $98,652.33
+1.12%
MicroStrategy Rally
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