{"id":1654,"date":"2024-10-25T13:15:37","date_gmt":"2024-10-25T13:15:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1654"},"modified":"2024-10-25T13:15:37","modified_gmt":"2024-10-25T13:15:37","slug":"microstrategy-pushes-higher-as-blackrock-buys-in-but-peter-schiff-sees-a-crash-ahead","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1654","title":{"rendered":"MicroStrategy Pushes Higher As BlackRock Buys In, But Peter Schiff Sees A Crash Ahead"},"content":{"rendered":"<div>\n<p><strong>MicroStrategy Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MSTR#NASDAQ\">MSTR<\/a>) continues its upward sprint, reaching a 52-week high of $236.29 during Thursday trading, with investors <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41536822\/microsoft-shareholders-want-it-to-buy-bitcoin-say-microstrategy-shares-outperformed\">rallying behind the stock.<\/a><\/p>\n<p>The stock&#8217;s meteoric rise\u2014up 55% in the past month and 244% year-to-date\u2014signals renewed investor confidence in the company&#8217;s strategic mix of <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) investments and AI-powered software advancements. Over the past year, MicroStrategy has soared an incredible 444%, and many are betting that this momentum will keep going.<\/p>\n<h2 class=\"wp-block-heading\">BlackRock Bets Big On MicroStrategy<\/h2>\n<p>A significant driver of the optimism comes from <strong>BlackRock Inc<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/BLK#NYSE\">BLK<\/a>), which recently expanded its stake to 5.2% in MicroStrategy, effectively placing a larger bet on the company&#8217;s unique positioning as a gateway for institutional investors to gain Bitcoin exposure. <\/p>\n<p>With Bernstein analysts projecting Bitcoin could reach\u00a0<a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41498194\/bitcoin-could-hit-200-000-by-2025-driven-by-institutional-demand-and-etfs-bernstein\" target=\"_blank\" rel=\"noreferrer noopener\">$200,000 by the end 2025<\/a>, it seems BlackRock is bullish on the long-term outlook for both crypto and MicroStrategy.<\/p>\n<p><strong>Read Also: <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41541900\/bitcoin-price-stalls-below-68-000-but-the-bull-market-is-going-to-last-longer-says-industr\">Bitcoin Price Stalls Below $68,000, &#8230;<\/a><\/strong><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41544385\/microstrategy-pushes-higher-as-blackrock-buys-in-but-peter-schiff-sees-a-crash-ahead\" alt=\"MicroStrategy\" pushes higher as blackrock buys in but peter schiff sees a crash ahead>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MicroStrategy Inc. (NASDAQ:MSTR) continues its upward sprint, reaching a 52-week high of $236.29 during Thursday trading, with investors rallying behind the stock. The stock&#8217;s meteoric rise\u2014up 55% in the past month and 244% year-to-date\u2014signals renewed investor confidence in the company&#8217;s strategic mix of Bitcoin (CRYPTO: BTC) investments and AI-powered software advancements. Over the past year, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1654","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1654"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1654\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}