Summary
- Mizuho Financial Group reported that Bitcoin (BTC) could rise an additional 30% within the next three years.
- MicroStrategy (MSTR), the largest BTC-holding company, is expected to show a bullish stock performance.
- The increasing adoption rate of BTC suggests that MSTR's stock price is likely to maintain an upward trend.
According to The Block, a cryptocurrency-focused media outlet, on the 30th (local time), Japan's largest financial institution, Mizuho Financial Group, recently reported that "Bitcoin (BTC) could rise an additional 30% within the next three years. Consequently, it would be appropriate to assign an outperform rating (a buy or strong buy recommendation) to MicroStrategy (NASDAQ ticker: MSTR), which holds the most BTC among single companies."
The report stated, "The adoption rate of BTC is gradually increasing, and if this trend continues until 2027, the price could rise further." It explained, "Unlike other products such as BTC spot ETFs, MSTR raises funds to purchase BTC, and its stock price is likely to maintain an upward trend in line with market strength."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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