Bitcoin will hit $1 million within 10 years, brokerage company Bernstein said while setting a massive price target for MicroStrategy. BTC, the largest and oldest crypto asset, could reach a cycle-high of $200,000 by 2025 en route to the 2033 forecast. The firm also initiated coverage for Michael Saylor’s MicroStrategy (MSTR), the biggest corporate owner of bitcoin, setting a price target of $2,890 per share with an outperform rating. That would translate to an almost 100% rally for the stock, which closed Thursday at $1,480.
Renzo Capitalizes on Restaking Frenzy to Raise $17M From Galaxy, Brevan Howard
Renzo is part of a new class of “restaking” protocols built on EigenLayer, which takes users' ether (ETH) tokens, deposited...