Bitcoin At $58K Despite JPMorgan & White House Backing Clarity https://t.co/j7Sx4bqR4G
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📉 @Strategy ( $MSTR ) Stock Price Target Cut to $260 from $400 Amid Bearish bitcoin:native Projection
TD #Cowen lowered Strategy’s ( $MSTR ) price target from $400 to $260 while maintaining its Buy rating.
The revision reflects a weaker long-term #Bitcoin outlook, even as the firm remains positive on #Strategy’s broader business.
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Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.
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