Can MicroStrategy stock shoot to $700 amid Bitcoin rally?
In the short term, the approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) created a massive downturn for the world’s foremost cryptocurrency and for the crypto market as a whole, as it wiped $100 billion in less than a week.Additionally, the shares of MicroStrategy (NASDAQ: MSTR), a company that tied its fate to that of BTC four years ago, also saw their price gutted as they fell 20% in the first 48 hours after the SEC officially unveiled its decision.Early February, however, brought about a major ...