• 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

John Haar Discusses Bitcoin Adoption and Future Monetary Policy

chest

John Haar discusses the impact of COVID-19 on Bitcoin adoption and predicts future monetary interventions.

user avatarRajesh Kumar

Charles Hoskinson Defends Crypto Amid Political and Economic Turmoil

chest

Charles Hoskinson defends cryptocurrency, framing the market downturn as a reflection of political dysfunction and economic challenges, advocating for crypto as a vital infrastructure for future systems.

user avatarLucas Weissmann

XRP and Solana Strengthen Ties Through Technical Integration

chest

The relationship between XRP and Solana extends beyond social media exchanges, with significant technical integrations enhancing their ecosystems.

user avatarFilippo Romano

Solana Executive Sparks Playful Controversy with XRP Community

chest

A lighthearted exchange between Solana and XRP communities on X social media was ignited by comments from Solana Foundation President Lily Liu regarding blockchain gaming.

user avatarEmily Carter

Self-Proclaimed Prophet Predicts XRP Could Reach 10,000

chest

A self-described prophet named Brandon Biggs predicts XRP could reach 10,000, outlining a four-stage price roadmap.

user avatarTomas Novak

Strategy World Conference Shifts Focus to STRC

chest

During the recent Strategy World conference in Las Vegas, the focus shifted from Bitcoin to STRC, the firm's variable-rate preferred share, raising over $1.5 billion and impacting its market cap.

user avatarMaya Lundqvist

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.