PANews reported on February 4th that, according to CoinDesk, Canaccord analyst Joseph Vafi has significantly lowered his price target for Bitcoin treasury company Strategy by 61% from $474 to $185, but maintained a "buy" rating. The analyst pointed out that Bitcoin is facing an "identity crisis," with its trading pattern resembling that of a risk asset rather than a safe-haven asset, and it has failed to follow the recent rise in gold prices. The report believes that Strategy's financial situation is sound, holding over $44 billion in Bitcoin, corresponding to approximately $8 billion in convertible debt, sufficient to withstand market volatility. The new price target is based on the assumption of a 20% rebound in Bitcoin prices and a significant increase in the company's valuation multiple.