Future of MSTR
I've had a position in MSTR for a few months now and even though it's one of the worst companies in terms of stability and providing rising returns to investors, I think that it has strong potential for a large upswing.
With the price of Bitcoin recovering and 28.36% of it's shares being shorted, I think that a short squeeze is imminent. I would even see it becoming the next AMC or GME if people start mentioning the corporate stupidity of Michael Saylor. I think that it's the riskiest asset in my portfolio and I don't intend holding it for long, I'm currently targeting the 600$-700$ range which is very possible if Bitcoin claims back it's previous highs.
Finally, I don't think MSTR has much of a future, their entire existence is based on Bitcoin which at the moment isn't the most stable. To be totally honest, there are barely any fundamentals behind my position, just hopium.
With the price of Bitcoin recovering and 28.36% of it's shares being shorted, I think that a short squeeze is imminent. I would even see it becoming the next AMC or GME if people start mentioning the corporate stupidity of Michael Saylor. I think that it's the riskiest asset in my portfolio and I don't intend holding it for long, I'm currently targeting the 600$-700$ range which is very possible if Bitcoin claims back it's previous highs.
Finally, I don't think MSTR has much of a future, their entire existence is based on Bitcoin which at the moment isn't the most stable. To be totally honest, there are barely any fundamentals behind my position, just hopium.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.