Analyst Abandons Bullish Bitcoin Price Target for Michael Saylor's MicroStrategy

A prominent financial analyst, previously a staunch supporter of MicroStrategy's aggressive Bitcoin acquisition strategy led by Michael Saylor, has officially retracted a highly optimistic price target. The analyst cited changing market conditions, macroeconomic pressures, and increased volatility as primary reasons for abandoning the lofty forecast. This shift highlights growing caution even among former Bitcoin bulls regarding short-term price trajectories. Despite this revision, the report notes MicroStrategy's (MSTR) continued commitment to its Bitcoin treasury reserve strategy, with the company holding one of the largest corporate BTC portfolios. The move underscores the ongoing debate about valuation models for Bitcoin in a high-interest-rate environment.