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MicroStrategy Is a Bitcoin Magnet Pulling in the Earth's Capital Reserves: Bernstein

Research firm Bernstein predicts that MicroStrategy's bitcoin treasury model is unmatched and will attract billions of dollars in investment into the cryptocurrency. They raised their price target for MicroStrategy's stock and maintained an outperform rating. Canaccord, another broker, also raised their price target and reiterated a buy rating. MicroStrategy plans to own 4% of the world's bitcoin supply by 2033, and it recently announced its intention to purchase another $42 billion of bitcoin over the next three years. Analysts at both firms are optimistic about MicroStrategy's future, with Canaccord using a new methodology to value the stock.

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