Here's what this MicroStrategy price target might mean for Bitcoin
Cantor Fitzgerald, an American financial services giant that was founded all the way back in 1945, recently initiated coverage on the stock of the biggest corporate holder of Bitcoin. The firm announced the above-mentioned price target of $194. target seems to be reasonable if the CMSTR:BTC price ratio remains within the existing model, according to Back.
Earlier this year, STOKR, the European marketplace that allows issuing tokenized digital shares, announced CMSTR Notes, with each of them representing 100 shares in the company. The introduction of CMSTR made it possible to trade the MicroStrategy stock directly against the flagship cryptocurrency on Liquid, Blockstream's Bitcoin sidechain. The shares of MicroStrategy are currently trading at $137.52 a pop, up nearly 3% during the current trading session.
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