MicroStrategy ‘Not Resting on its Laurels’ as Bitcoin Hits All-Time High: Canaccord
The investment bank almost doubled its price target on the stock to $1,810 from $975, highest among Wall Street analysts.
The investment bank almost doubled its price target on the stock to $1,810 from $975, highest among Wall Street analysts.
Local market observers pointed out that the so-called “Kimchi premium” crossed a two-year high mark on Thursday.
The “basis trade,” a standout in the 2020/2021 bull market, is hinting at a resurgence, one observer said, referring to the rising futures premium.
The rare signal indicates that institutions have long exposure but not via spot, one observer said.