After entering NASDAQ:MSTR at $200 in January of 2023, it is evident that MicroStrategy shines as the ideal stock to generate profit day after day. Given its high beta nature and volatility based on Bitcoin's movement, we can price NASDAQ:MSTR in a manner that is fixed to Bitcoin's price.
The reasoning is that MicroStrategy believes, and has believed, that CRYPTOCAP:BTC is the most appropriate store of value now and in the future.
It appears that they may be correct.
I am anticipating NASDAQ:MSTR to surpass $1750-1775 and reach $2,000.
This is where I will decide to sell off some shares in anticipation of a price correction down to $800-$1250 per share of MSTR. At this time, I believe Bitcoin will fall to 52K to 55K. It should, in order to make sense, considering liquidity in the market.
As of 3/13/2024, it costs $42,000-$47,000 USD to mine 1 CRYPTOCAP:BTC, based on the average cost of electricity globally.
I believe we will see a very common "sell the news" event come April prior to, or during, the halving. Bitcoin will correct.
The halving will double the complexity to mine one Bitcoin, which will push the electricity cost to the range of $84,000-$95,000 USD.
This will be the next gap up, and Bitcoin will continue to reach historical highs.
Stay tuned.
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Price action is tracing Bitcoin, as expected.
There's been a drop from $73,000-$74,000 USD for 1 CRYPTOCAP:BTC to a $63,000 USD for 1 CRYPTOCAP:BTC, as of 03/19/2024.
This has played out in less than two weeks time.
$700-$800 would be the price-fixed support level for NASDAQ:MSTR based on a $52,000-$55,000 USD BTC.
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Here is the updated Daily for more precise values.
I made a mistake by indicating that the downtrend would take 379 days.
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Here's an update of my chart view.
Note: My predictions have remained the same. Please read previous updates to this idea.
We did touch $2000 as I predicted in my March 13th, 2024 posting. Now, the crash.
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WOW, look at the chart follow my line down... almost perfect!
There was the anticipated crash as mentioned last week. Will it further down to 52-55K?
It is hard to say at this stage. I simply don't know.
We're at a break point. Either we spike back towards a 100K CRYPTOCAP:BTC or we fall more to a 52-55K BTC.
I won't re-enter unless it does fall down to a $700-$1000 NASDAQ:MSTR or a $52,000-$55,000 CRYPTOCAP:BTC
Where do you think mircostrategy can go if bitcoin can go to 800k in 2025? 30K= MSTR?
Terrapins
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@PicardsBoilerRoom We will see. Potentially higher. It would be a tough target to make. Could they split shares 1:10? Or, they might decide to temporarily dilute shareholders; sell their own shares now for $1,750, anticipating a drop, then buying more BTC to further increase their total supply of BTC.
I think given current conditions, a 10K MSTR is possible if BTC is 525K.
30K would require FOMO squeeze or something crazy on top.
Dannnnyyy
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why do you think this? and where did you do your research brother?
Terrapins
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@Dannnnyyy, Sorry, I didn't cite on this idea. I should have.
Regarding the values, I am essentially saying that MSTR and BTC are price fixed, or pegged to one another at this point. We utilize BTC to understand movements with MSTR and vice versa.
2021–2023 Bitcoin took less than a month in 2021 to smash its 2020 price record, surpassing $40,000 by Jan. 7, 2021. By mid-April, Bitcoin prices reached new all-time highs of over $60,000 as Coinbase, a cryptocurrency exchange, went public. Institutional interest propelled its price further upward, and Bitcoin reached a peak of $63,558 on April 12, 2021.
By the summer of 2021, prices were down by 50%, hitting $29,796 on July 19. September saw another bull run, with prices scraping $52,693, but a large drawdown took it to a closing price of $40,710 about two weeks later.
On Nov. 10, 2021, Bitcoin again reached an all-time high of $68,789 before closing at $64,995. In mid-Dec. 2021, Bitcoin fell to $46,164. The price started fluctuating more as uncertainty about inflation and the emergence of a new variant of COVID-19, Omicron, continued to spook investors.