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Bitcoin (BTC) Price Struggles to Reach $67,000 as Cryptocurrencies Lag Behind Stocks

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7 months ago

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Bitcoin will reach one million dollars within 10 years, brokerage firm Bernstein said as it set a massive price target for MicroStrategy. BTC, the largest and oldest crypto asset, could reach a cyclical high of $200,000 by 2025, en route to its 2033 forecast. The firm also initiated coverage for Michael Saylor’s MicroStrategy (MSTR), the largest company that owns bitcoin, setting a price target of $2,890 per share with an outperform rating. That would translate to a nearly 100% rally for the stock, which closed Thursday at $1,480.

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