. Should it also surge through this key price marker, we expect the current bull run would become supercharged as crypto FOMO would kick in,” Nigel Green, the CEO of wealth advisory DeVere Group, said in emailed comments Tuesday.
Thanks to its growing bitcoin investment—rivaled only by Tesla’s 42,000 coins—MicroStrategy has minted a stunning turnaround since the dot-com bubble tanked its stock price roughly two decades ago. However, prices have also been incredibly sensitive to the nascent crypto market’s outsize volatility.