Analysts predict that BTC has huge potential to surge this month, and MicroStrategy's stock may rise accordingly
TD Cowen analyst Lance Vitanza stated in a report on Monday that BTC has huge potential for growth this month, and Michael Saylor's MicroStrategy (MSTR) stock could also rise along with it, reaching higher levels by the end of the year. He pointed out that May 15 is the deadline for institutional investment managers to submit Form 13-F to the SEC, and there may be more companies that have purchased newly approved spot BTC ETFs in the first quarter. Another thing that might benefit Bitcoin is that the fate of spot ETH ETFs may be postponed until 2025 or later.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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