CoinShares said in a research blog that MicroStrategy's (MSTR) ambitious plan to buy $42 billion worth of Bitcoin (BTC) is not without risk. Whether MicroStrategy can successfully execute its bitcoin acquisition plan depends on a number of factors, CoinShares said. Analysts believe the software company needs to "maintain favorable financing conditions and demand for its convertible notes". The cost of servicing debt is also rising. CoinShares noted that 20...
In its latest research report, VanEck outlines an ambitious scenario under which the price of Bitcoin (BTC) could reach a staggering $2.90 million per coin by 2050. According to the report, written by the firm's head of digital assets, Matthew Sigel, and senior investment analyst Patrick Bush, the projected valuation depends on the adoption of Bitcoin as a global medium of exchange and reserve asset, which could revolutionize the international financial system.