Bitcoin is still in the middle of a bear market. It's trading 49% off its record (as of July 28).
Consequently, Strategy (NASDAQ: MSTR) is also feeling the pain, with shares 80% below their peak. But the management team gave investors some hope, helping manage what has been a difficult period.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Phong Le, who has been the company's chief executive officer since 2022, said that the most valuable cryptocurrency's price could drop all the way to $8,000-$10,000, about an 86% decline, before causing potential stress on the balance sheet.
Here's why he's right.
#flashing #strategy #mstr #missed
Consequently, Strategy (NASDAQ: MSTR) is also feeling the pain, with shares 80% below their peak. But the management team gave investors some hope, helping manage what has been a difficult period.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Phong Le, who has been the company's chief executive officer since 2022, said that the most valuable cryptocurrency's price could drop all the way to $8,000-$10,000, about an 86% decline, before causing potential stress on the balance sheet.
Here's why he's right.
#flashing #strategy #mstr #missed
2 months ago
