CandleFocus Adam Back Says MicroStrategy (MSTR) Is 'Stupidly Cheap'
2024-12-22
Author: Content Editor
Blockstream CEO Adam Back believes that MicroStrategy (MSTR) stock is still undervalued, despite its 488% increase this year. Back argues that the stock is a low-risk opportunity as it offers leveraged exposure to Bitcoin without the drawbacks of other financial products. He suggests that shorting the MSTR stock will fail and recommends it as a balanced option for leveraged Bitcoin exposure. On Friday, MSTR shares increased by nearly 12%.
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