CryptoCurrency
MicroStrategy Pushes Higher As BlackRock Buys In, But Peter Schiff Sees A Crash Ahead
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
MicroStrategy Inc. (NASDAQ:MSTR) continues its upward sprint, reaching a 52-week high of $236.29 during Thursday trading, with investors rallying behind the stock.
The stock’s meteoric rise—up 55% in the past month and 244% year-to-date—signals renewed investor confidence in the company’s strategic mix of Bitcoin (CRYPTO: BTC) investments and AI-powered software advancements. Over the past year, MicroStrategy has soared an incredible 444%, and many are betting that this momentum will keep going.
Don’t Miss:
A significant driver of the optimism comes from BlackRock Inc (NYSE:BLK), which recently expanded its stake to 5.2% in MicroStrategy, effectively placing a larger bet on the company’s unique positioning as a gateway for institutional investors to gain Bitcoin exposure.
With Bernstein analysts projecting Bitcoin could reach $200,000 by the end 2025, it seems BlackRock is bullish on the long-term outlook for both crypto and MicroStrategy.
However, not everyone is celebrating. Noted Bitcoin critic Peter Schiff has made headlines again, calling MSTR “the most overvalued stock in the MSCI World Index.” Schiff warns that when the stock eventually crashes, it’ll be a “real bloodbath.”
Known for advocating gold over Bitcoin, Schiff has long argued that crypto lacks the intrinsic value needed to sustain its current valuations. His sharp criticism adds a dose of skepticism to an otherwise optimistic narrative.
See Also: The Ascent Income Fund from EquityMultiple targets stable income from senior commercial real estate debt positions and has a historical distribution yield of 12.1% backed by real assets. Earn a 1% return boost on your first EquityMultiple investment when you sign up here (accredited investors only).
On the technical front, all signs point to further upside for MicroStrategy stock.
Chart created using Benzinga Pro
The stock is currently trading well above its eight-, 20-, and 50-day simple moving averages, reflecting strong buying pressure and a bullish trend that shows no signs of weakening.
CryptoCurrency
Saylor’s Bitcoin custody debacle highlights growing divide in crypto community
As institutional interest in Bitcoin soars, the crypto community grapples with fundamental questions about custody and control.
CryptoCurrency
Binance founder CZ sees positive shift in crypto regulation worldwide
Developing crypto regulations, along with a political shift toward cryptocurrencies, is a “very positive direction” for the industry, according to Changpeng Zhao.
CryptoCurrency
Harris win unlikely to rock Bitcoin price, but crypto fears persist, say observers
With the US presidential elections nearing and no clear frontrunner, uncertainty looms over what effect the victor will have on the crypto sector.
CryptoCurrency
Missing Bitcoin and lost execs: Halloween’s creepiest crypto mysteries
It’s Bitcoin White Paper Day, but it’s also Halloween. Here are Cointelegraph’s six crypto mysteries to share around the campfire.
CryptoCurrency
Bitget wallet on Telegram hits 6 million users 3 days after launch
Bitget Wallet’s Telegram Mini App, Bitget Wallet Lite mini, has attracted more than six million users in just three days after its soft launch.
CryptoCurrency
Bitcoin at 16: From experiment to trillion-dollar asset
In just 16 years, Bitcoin has grown to become the world’s 10th largest asset and the best currency for “financial freedom,” according to Tether CEO, Paolo Ardoino.
-
Science & Environment1 month ago
How to unsnarl a tangle of threads, according to physics
-
Technology1 month ago
Is sharing your smartphone PIN part of a healthy relationship?
-
Science & Environment1 month ago
Hyperelastic gel is one of the stretchiest materials known to science
-
Science & Environment1 month ago
‘Running of the bulls’ festival crowds move like charged particles
-
Technology1 month ago
Would-be reality TV contestants ‘not looking real’
-
Science & Environment1 month ago
Maxwell’s demon charges quantum batteries inside of a quantum computer
-
Science & Environment1 month ago
X-rays reveal half-billion-year-old insect ancestor
-
Science & Environment1 month ago
Sunlight-trapping device can generate temperatures over 1000°C
-
Sport4 weeks ago
Boxing: World champion Nick Ball set for Liverpool homecoming against Ronny Rios
-
Technology4 weeks ago
Gmail gets redesigned summary cards with more data & features
-
Technology1 month ago
Ukraine is using AI to manage the removal of Russian landmines
-
Football4 weeks ago
Rangers & Celtic ready for first SWPL derby showdown
-
Technology1 month ago
Russia is building ground-based kamikaze robots out of old hoverboards
-
Science & Environment1 month ago
Physicists have worked out how to melt any material
-
Science & Environment1 month ago
Laser helps turn an electron into a coil of mass and charge
-
Science & Environment1 month ago
Liquid crystals could improve quantum communication devices
-
Science & Environment1 month ago
Quantum ‘supersolid’ matter stirred using magnets
-
Technology4 weeks ago
Samsung Passkeys will work with Samsung’s smart home devices
-
Sport4 weeks ago
Aaron Ramsdale: Southampton goalkeeper left Arsenal for more game time
-
MMA4 weeks ago
Dana White’s Contender Series 74 recap, analysis, winner grades
-
TV4 weeks ago
সারাদেশে দিনব্যাপী বৃষ্টির পূর্বাভাস; সমুদ্রবন্দরে ৩ নম্বর সংকেত | Weather Today | Jamuna TV
-
News4 weeks ago
Woman who died of cancer ‘was misdiagnosed on phone call with GP’
-
Technology1 month ago
Epic Games CEO Tim Sweeney renews blast at ‘gatekeeper’ platform owners
-
News4 weeks ago
‘Blacks for Trump’ and Pennsylvania progressives play for undecided voters
-
MMA4 weeks ago
‘Uncrowned queen’ Kayla Harrison tastes blood, wants UFC title run
-
Science & Environment1 month ago
A new kind of experiment at the Large Hadron Collider could unravel quantum reality
-
Technology1 month ago
Why Machines Learn: A clever primer makes sense of what makes AI possible
-
Technology4 weeks ago
Microsoft just dropped Drasi, and it could change how we handle big data
-
Money4 weeks ago
Wetherspoons issues update on closures – see the full list of five still at risk and 26 gone for good
-
News4 weeks ago
Navigating the News Void: Opportunities for Revitalization
-
News4 weeks ago
Massive blasts in Beirut after renewed Israeli air strikes
-
News1 month ago
Rwanda restricts funeral sizes following outbreak
-
Science & Environment1 month ago
Why this is a golden age for life to thrive across the universe
-
MMA4 weeks ago
Pereira vs. Rountree prediction: Champ chases legend status
-
Technology4 weeks ago
Check, Remote, and Gusto discuss the future of work at Disrupt 2024
-
Business4 weeks ago
When to tip and when not to tip
-
News4 weeks ago
▶ Hamas Spent $1B on Tunnels Instead of Investing in a Future for Gaza’s People
-
MMA4 weeks ago
‘Dirt decision’: Conor McGregor, pros react to Jose Aldo’s razor-thin loss at UFC 307
-
Technology4 weeks ago
Musk faces SEC questions over X takeover
-
Football4 weeks ago
Why does Prince William support Aston Villa?
-
Technology1 month ago
Microphone made of atom-thick graphene could be used in smartphones
-
Sport4 weeks ago
China Open: Carlos Alcaraz recovers to beat Jannik Sinner in dramatic final
-
Science & Environment1 month ago
Quantum forces used to automatically assemble tiny device
-
Science & Environment1 month ago
ITER: Is the world’s biggest fusion experiment dead after new delay to 2035?
-
Science & Environment1 month ago
A slight curve helps rocks make the biggest splash
-
Womens Workouts1 month ago
3 Day Full Body Women’s Dumbbell Only Workout
-
Business1 month ago
how UniCredit built its Commerzbank stake
-
News4 weeks ago
Cornell is about to deport a student over Palestine activism
-
Sport4 weeks ago
2024 ICC Women’s T20 World Cup: Pakistan beat Sri Lanka
-
Sport4 weeks ago
Wales fall to second loss of WXV against Italy
-
Business4 weeks ago
DoJ accuses Donald Trump of ‘private criminal effort’ to overturn 2020 election
-
Business4 weeks ago
Water companies ‘failing to address customers’ concerns’
-
MMA4 weeks ago
Kayla Harrison gets involved in nasty war of words with Julianna Pena and Ketlen Vieira
-
MMA4 weeks ago
‘I was fighting on automatic pilot’ at UFC 306
-
Science & Environment1 month ago
Nuclear fusion experiment overcomes two key operating hurdles
-
News2 months ago
▶️ Hamas in the West Bank: Rising Support and Deadly Attacks You Might Not Know About
-
Technology1 month ago
Meta has a major opportunity to win the AI hardware race
-
Business1 month ago
Bank of England warns of ‘future stress’ from hedge fund bets against US Treasuries
-
News4 weeks ago
Hull KR 10-8 Warrington Wolves – Robins reach first Super League Grand Final
-
News4 weeks ago
German Car Company Declares Bankruptcy – 200 Employees Lose Their Jobs
-
MMA4 weeks ago
Ketlen Vieira vs. Kayla Harrison pick, start time, odds: UFC 307
-
Sport4 weeks ago
Coco Gauff stages superb comeback to reach China Open final
-
Sport4 weeks ago
Man City ask for Premier League season to be DELAYED as Pep Guardiola escalates fixture pile-up row
-
Football4 weeks ago
'Rangers outclassed and outplayed as Hearts stop rot'
-
Sport4 weeks ago
WXV1: Canada 21-8 Ireland – Hosts make it two wins from two
-
Business4 weeks ago
Sterling slides after Bailey says BoE could be ‘a bit more aggressive’ on rates
-
Technology4 weeks ago
Texas is suing TikTok for allegedly violating its new child privacy law
-
Sport1 month ago
Sturm Graz: How Austrians ended Red Bull’s title dominance
-
Business4 weeks ago
The search for Japan’s ‘lost’ art
-
Sport4 weeks ago
Premiership Women’s Rugby: Exeter Chiefs boss unhappy with WXV clash
-
Technology4 weeks ago
LG C4 OLED smart TVs hit record-low prices ahead of Prime Day
-
Technology4 weeks ago
If you’ve ever considered smart glasses, this Amazon deal is for you
-
Science & Environment1 month ago
Time travel sci-fi novel is a rip-roaringly good thought experiment
-
Science & Environment1 month ago
Nerve fibres in the brain could generate quantum entanglement
-
Technology1 month ago
University examiners fail to spot ChatGPT answers in real-world test
-
Business1 month ago
Stocks Tumble in Japan After Party’s Election of New Prime Minister
-
Business4 weeks ago
Top shale boss says US ‘unusually vulnerable’ to Middle East oil shock
-
News4 weeks ago
Family plans to honor hurricane victim using logs from fallen tree that killed him
-
Technology4 weeks ago
The best shows on Max (formerly HBO Max) right now
-
Sport4 weeks ago
New Zealand v England in WXV: Black Ferns not ‘invincible’ before game
-
Entertainment4 weeks ago
New documentary explores actor Christopher Reeve’s life and legacy
-
Technology4 weeks ago
SingleStore’s BryteFlow acquisition targets data integration
-
Technology4 weeks ago
OpenAI secured more billions, but there’s still capital left for other startups
-
Money4 weeks ago
Pub selling Britain’s ‘CHEAPEST’ pints for just £2.60 – but you’ll have to follow super-strict rules to get in
-
Entertainment4 weeks ago
Bruce Springsteen endorses Harris, calls Trump “most dangerous candidate for president in my lifetime”
-
Money3 weeks ago
Tiny clue on edge of £1 coin that makes it worth 2500 times its face value – do you have one lurking in your change?
-
News1 month ago
▶️ Media Bias: How They Spin Attack on Hezbollah and Ignore the Reality
-
Science & Environment1 month ago
How to wrap your mind around the real multiverse
-
Business1 month ago
Chancellor Rachel Reeves says she needs to raise £20bn. How might she do it?
-
MMA4 weeks ago
Julianna Peña trashes Raquel Pennington’s behavior as champ
-
Technology4 weeks ago
This AI video generator can melt, crush, blow up, or turn anything into cake
-
Technology4 weeks ago
J.B. Hunt and UP.Labs launch venture lab to build logistics startups
-
Technology4 weeks ago
Amazon’s Ring just doubled the price of its alarm monitoring service for grandfathered customers
-
Politics4 weeks ago
Rosie Duffield’s savage departure raises difficult questions for Keir Starmer. He’d be foolish to ignore them | Gaby Hinsliff
-
Technology4 weeks ago
The best budget robot vacuums for 2024
-
Technology4 weeks ago
Best iPad deals for October 2024
-
TV4 weeks ago
TV Patrol Express September 26, 2024
-
Technology4 weeks ago
Apple iPhone 16 Plus vs Samsung Galaxy S24+
-
MMA4 weeks ago
Pennington vs. Peña pick: Can ex-champ recapture title?
-
Business4 weeks ago
Head of UK Competition Appeal Tribunal to step down after rebuke for serious misconduct
You must be logged in to post a comment Login