Microstrategy is one of the few stocks with a positive correlation to Bitcoin and it can be an alternative investment for those who cannot own bitcoin due to regulatory reasons. However, the introduction of Bitcoin ETF has the potential to cause a capital migration from Microstrategy to Bitcoin ETFs as investors look for the next big thing with the potential of higher returns.
Bitcoin ETFs have disappointed investors as they lost over 10% since their launch. This was because Bitcoin spot investors sold the news since the ETF hype was already priced in.
If Bitcoin falls to $40,000, we assume that Microstrategy shares will be within out 1st entry range or at the 120 Months moving average.
We are monitoring the stock for our first entry.
Bitcoin ETFs have disappointed investors as they lost over 10% since their launch. This was because Bitcoin spot investors sold the news since the ETF hype was already priced in.
If Bitcoin falls to $40,000, we assume that Microstrategy shares will be within out 1st entry range or at the 120 Months moving average.
We are monitoring the stock for our first entry.