• 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

UK Shuts Down Crypto Exchange Linked to Iranian Military

chest

The UK government has initiated a compulsory strikeoff against Zedxion Exchange Ltd due to false information and connections to Iran's Islamic Revolutionary Guard Corps.

user avatarLuis Flores

Altcoin Market Faces Prolonged Weakness Amid Declining Trading Volumes

chest

The altcoin market is experiencing prolonged weakness due to declining trading volumes and reduced investor participation.

user avatarArif Mukhtar

Bitcoin Faces Major Liquidation Event with 541 Million in Losses

chest

The crypto market experienced one of its worst single-day liquidation events, with Bitcoin leading the losses.

user avatarMaria Gutierrez

XRP and Ethereum Lead Major Regulatory Shift in the US

chest

XRP and Ethereum are at the center of a significant regulatory shift in the US, following new signals from the SEC that suggest most crypto assets are not classified as securities, potentially unlocking $47 trillion in capital for the crypto market.

user avatarDavid Robinson

American Bitcoin Emerges as a Major Player in Bitcoin Holdings

chest

American Bitcoin, backed by the Trump family, has become the 16th largest corporate holder of Bitcoin, accumulating 6,899 BTC.

user avatarAndrew Smith

Ethereum Shows Signs of Stability Amid Ongoing Market Volatility

chest

Ethereum is currently trading around the 2,150 level, showing signs of stabilization after recent price swings.

user avatarJacob Williams

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.