“MicroStrategy shares continue to offer investors looking to gain exposure to bitcoin a number of important benefits, in our opinion, relative to spot ETPs,” TD Cowen analyst Lance Vitanza wrote in a note Tuesday. “Even with spot bitcoin ETPs now serving as potential substitutes, a significant premium [on bitcoin] will continue to be justified, we believe.”
Bitcoin Price (BTC) Gains More Than 1% After Soft Inflation Data
The consistent slide in inflation in 2023 had most, including the U.S. Federal Reserve, coming into 2024 expecting appreciably easier...