Few days ago in crypto, a Benchmark analyst said MicroStrategy’s share price is set for further gains despite overvaluation risks, the behavior of top Polymarket bettors has raised concerns about potential manipulation of the decentralized prediction market’s accuracy ahead of the United States presidential election, and the US has a 26 million strong “crypto voting bloc” going in the election, according to a survey.
Benchmark analyst Mark Palmer thinks MicroStrategy’s (MSFT) share price could go much higher as its Bitcoin
BTC
tickers down
$68,656
strategy continues to pan out.
According to an Oct. 18 report, Palmer said MSFT could be worth $245 per share as the company leverages its balance sheet to acquire more Bitcoin. That’s a considerably higher price point than the stock’s current value of $206.