• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Adam Back Confident in MicroStrategy's Share Undervaluation

user avatar

by Giorgi Kostiuk

a year ago

Blockstream's CEO Adam Back has stated that MicroStrategy shares are still 'stupidly cheap' despite their substantial value increase this year.

Adam Back's Opinion

Adam Back is convinced that shorting MicroStrategy's stock will not succeed as he believes the stock is still undervalued when compared to the company's Bitcoin holdings.

Back claims that investing in MicroStrategy's stock is a low-risk opportunity compared to more complex financial products.

Comparison with Financial Products

Back noted that investing in MSTR shares is less risky compared to products like 2x ETFs, intended to deliver double the daily Bitcoin performance but tend to lose value in sideways market trading. For instance, if Bitcoin's price rises 1% one day and falls the next, such ETFs might still end up in the red.

MSTR vs Bitcoin ETFs

Unlike Bitcoin ETFs, MicroStrategy offers leveraged Bitcoin exposure without suffering from 'decay' issues caused by compounding effects, making the company's stock a more balanced option for Bitcoin investment.

In conclusion, MicroStrategy's stock rose by nearly 12% last Friday, and Adam Back remains confident in its future growth potential due to its undervaluation relative to the company's Bitcoin assets.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Indian Police Crack Down on Fake Crypto Investment Scam

chest

Indian police arrested four individuals involved in a fake crypto investment scam that deceived a resident out of Rs 1630 lakh.

user avatarRajesh Kumar

Public Companies Hold Over 1 Million BTC, Highlighting Supply Concentration

chest

The latest data reveals that the top 100 publicly listed companies hold a significant portion of Bitcoin, with Strategy leading the pack.

user avatarFilippo Romano

SHIB Price Decline Continues Amid Bearish Market Trends

chest

The SHIB cryptocurrency has seen a decline in its value, breaking through local support levels.

user avatarLucas Weissmann

Regulatory Clarity Could Enhance Stablecoin Utility

chest

Research suggests that regulatory reforms may significantly increase the practical utility of stablecoins in real-world transactions.

user avatarEmily Carter

ARK Invest Boosts Crypto-Linked Equity Holdings Amid Market Decline

chest

ARK Invest has increased its exposure to cryptocurrency-related equities by purchasing shares of Coinbase, Circle, and Bullish during a market decline.

user avatarTomas Novak

15 Essential Strategies to Combat Fake Loan Offers

chest

A report outlines 15 essential strategies for consumers to identify and reject fraudulent loan offers.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.