PANews reported on November 1 that according to CoinDesk, Canadian investment bank Canaccord released a report saying that MicroStrategy, with its smart leverage strategy, is still one of the best ways for equity investors to get in touch with Bitcoin. Canaccord raised MicroStrategy's target price from $173 to $300 and maintained a "buy" rating. Analysts pointed out that since the implementation of the Bitcoin acquisition strategy in 2020, MicroStrategy has performed significantly better than the stock market and Bitcoin price trends. In addition, Canaccord is optimistic about the long-term performance of Bitcoin after the approval of the US spot ETF and the halving effect.
Canaccord: MicroStrategy becomes one of the best channels for investing in Bitcoin, with the target price raised to $300
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