MSTR Slides 60% from Record High, Opens Path for "Value Play"

Bitcoin has taken a beaten with its price action in recent weeks, though the cryptocurrency remains 50% above levels prior to the 2024 presidential election. Bitcoin-holder Strategy (MSTR) is now below its pre-election levels and 60% off its all-time high. LikeFolio's Andy Swan says the company faces much more competition, which adds pricing pressure even if Bitcoin rebounds. That said, he makes the case Strategy serves as a "value play." Andy explains how CEO Michael Saylor tries to "stay ahead" of Wall Street and how investors need to brace for long-term volatility.

See our recent Market Overtime interview with Michael Saylor: Michael Saylor on Market Overtime, Strategy's $150k Year-End Target for Bitcoin

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Published on 14 hours ago

Podcast Episode Details

MSTR Slides 60% from Record High, Opens Path for "Value Play"