U.S. Stock Market Update | Bitcoin-related stocks surge, MicroStrategy up over 7%
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On Wednesday, Bitcoin-related stocks rose. As of the time of publication, MicroStrategy surged over 7%, while Riot Blockchain, Marathon Digital, and Canaan all rose over 2%. On Monday, analysts including Gautam Chhugani from Bernstein published a report expressing a strong bullish view on the future of Bitcoin. They claimed that under the current strong upward trend, the price of Bitcoin will skyrocket after the "halving" in April. Chhugani and others predict that Bitcoin could rise to $150,000 by the middle of next year.
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