TD Cowen Sees Major Upside in Michael Saylor's Bitcoin Strategy Despite 2025 Predictions

Analysts at investment firm TD Cowen have reaffirmed a positive outlook on the Bitcoin (BTC) accumulation strategy championed by MicroStrategy (MSTR) Executive Chairman Michael Saylor. Despite acknowledging potential for a significant market correction in 2025, the firm maintains that Saylor's long-term approach holds substantial upside potential. The report highlights MicroStrategy's unique position as a publicly-traded corporate Bitcoin treasury, with its stock performance closely tied to BTC's price. TD Cowen's analysis suggests that any near-term volatility, including a possible "plunge," is viewed as a temporary setback within a broader bullish trajectory for Bitcoin adoption and value. The firm's stance underscores confidence in the core thesis behind Saylor's high-conviction investment in the leading cryptocurrency.