News list for "palmer"
Benchmark fintech analyst Mark Palmer said he expects BTC to reach $225,000 by the end of 2026. In addition, analysts also said that MicroStrategy's "controversial" BTC strategy has attracted many critics, but its huge impact on the company's share price has provided a good reason, as its share price has outperformed the share price of almost all major companies in the United States over the past four years.
Benchmark fintech analyst Mark Palmer estimates that if BTC reaches $150,000 by the end of 2025, the price of MicroStrategy (MSTR) will reach $2,150 per share (or $215 per share after MSTR's 10-for-1 stock split on August 9). As of August 2024, the stock is trading at around $132, which means that Palmer's prediction that a 300% increase in the BTC spot price would only increase MSTR's share price by around 60%.
