Chart of Day: Is this the Best Bitcoin Stock?

You are receiving this email because you are subscribed to Daily Guru Trades. If you no longer wish to receive these emails, please unsubscribe here. With Bitcoin exploding higher, so is MicroStrategy (SYM: MSTR). As we said on September 7, “With Bitcoin attempting to push aggressively higher, keep an eye on MicroStrategy (SYM: MSTR). With 226,500 BTC on hand, the stock benefits any time Bitcoin prices push higher. The stock is also oversold at triple bottom support dating back to May. Last trading at $119.57, we’d like to see it retest $150 initially.” By that Monday, MSTR traded at about $119. Today, thanks to the rally in Bitcoin, the MSTR stock is now up to $346.48 and could push even higher. Plus, over the last few days, MSTR bought another 27,200 BTC for $2.03 billion, paying an average price of $74,463 per BTC. That now brings its BTC holdings to 279,420. Fueling Bitcoin and MSTR upside has been Donald Trump. Remember, he wants the U.S. to become the “crypto capital of the planet” and Bitcoin the “superpower of the world.” He also wants to create a government stockpile of Bitcoin, create an advisory council, and prevent the Federal Reserve from creating its own digital currency.  Plus, analysts believe Bitcoin could rally to $100,000+ this year. Should that happen, we wouldn’t be shocked to see MSTR closer to $400 a share. Did you miss yesterday's Chart of the Day? Click here to see it now. DC2 Publishing LLC 4260 NW 1st Avenue Suite # 55 Boca Raton, FL 33431 – 4264 Daily Guru Trades Copyright © 2023 Daily Guru Trades, All rights reserved. You are receiving this email as part of your subscription to Daily Guru Trades. If you have any questions, please contact us at support@dailygurutrades.com. Daily Guru Trades is a newsletter offered to the public on a subscription basis. 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