
CoinDesk Podcast Network
MARKETS DAILY: Crypto Update | MicroStrategy: Prime Bitcoin Halving Bet? With Mark Palmer
Feb 29, 2024
The podcast discusses Bitcoin's price volatility, Ether's positive trend, and the performance of the CoinDesk 20 index. They explore MicroStrategy as a leveraged bet on Bitcoin, its business evolution towards AI, and a price target of $125,000 by 2025. The impact of the upcoming halving on Bitcoin miners and equities market volatility is also analyzed.
12:01
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Quick takeaways
- MicroStrategy's stock outperformance linked to Bitcoin acquisition strategy.
- Bitcoin price predicted to reach $125,000 by 2025 due to halving impact and institutional involvement.
Deep dives
Bitcoin's Price Volatility and Market Movement
Bitcoin experienced price fluctuations, initially surging to $64,000 before dropping to $59,000, leading to significant liquidations. However, it later recovered to $62,654, showing positive movement. Additionally, Ether rose by 4.5% to $3,465 during the same time period. The CoinDesk 20 index assets were all in the green with Dogecoin and Shiba Inu leading.
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