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MicroStrategy's Michael Saylor Targets $10 Trillion Valuation with $60 Billion Bitcoin Strategy, BTIG Sets $620 Price Target
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MicroStrategy Inc., led by Michael Saylor, has been compared to Berkshire Hathaway, positioning itself as a leader in the digital age. Saylor has expressed ambitious goals for the company, suggesting that MicroStrategy could become a '$10 trillion enterprise' if Bitcoin reaches $10 million per coin.
Saylor's vision for MicroStrategy includes leveraging its significant Bitcoin holdings, currently valued at $60 billion, to achieve this valuation. He has also predicted that Bitcoin could reach $13 million by 2045, further emphasizing the company's focus on the cryptocurrency. Saylor believes that soon every billionaire will buy a billion dollars of Bitcoin, and all the smart money in the world will sell their physical and financial assets to invest in it.
Analysts have taken note of MicroStrategy's strategy, with BTIG reiterating a 'Buy' rating and raising the price target to $620 from $570. This reflects confidence in MicroStrategy's approach to Bitcoin as a key asset in its portfolio. An analyst has stated that MicroStrategy will be the 'number one publicly traded equity on Earth' because it owns more of the best asset on the planet by multiples.
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