MicroStrategy Rises as BlackRock Buys, But Peter Schiff Sees Crash Ahead – MicroStrategy (NASDAQ:MSTR)

MicroStrategy Inc. MSTR continues its upward sprint, hitting a 52-week high of $236.29 during Thursday trading with investors providing positive support for the stock.

The stock's meteoric rise — up 55% last month and 244% year-to-date — signals renewed investor confidence in the company's strategic mix Bitcoin BTC/USD Investments and AI-powered software advancements. Over the past year, MicroStrategy is up an incredible 444%, and many are betting that momentum will continue.

BlackRock relies heavily on MicroStrategy

A key driver of optimism comes from BlackRock Inc BLACKwhich recently increased its stake in MicroStrategy to 5.2%, more effectively capitalizing on the company's unique positioning as a gateway for institutional investors to enter Bitcoin.

With Bernstein analysts predicting that Bitcoin could reach $200,000 by the end of 2025, BlackRock appears bullish on the long-term prospects for both crypto and MicroStrategy.

Also read: Bitcoin price stagnates below $68,000, but: “The bull market will last longer,” says industry expert

Peter Schiff's dire prediction

However, not everyone celebrates. Well-known Bitcoin critic Peter Ship has made headlines again, calling MSTR “the most overvalued stock in the MSCI World Index.” Schiff warns that there will be a “real bloodbath” if the stock eventually crashes.

Schiff, who is known for advocating gold over Bitcoin, has long argued that cryptocurrencies lack the intrinsic value needed to maintain their current valuations. His harsh criticism adds a dose of skepticism to an otherwise optimistic narrative.

The MSTR stock chart shows strong bullish momentum

On a technical level, all signs point to further upside for MicroStrategy stock.

Chart created with Benzinga Pro

The stock is currently trading well above its 8-day, 20-day and 50-day simple moving averages, reflecting strong buying pressure and an uptrend that shows no signs of abating.

With a share price of $235.89, MicroStrategy stock's eight-day simple moving average is $210.78, signaling continued strength. Likewise, the 20-day simple moving average is $193.16 and the 50-day SMA is $159.06, suggesting momentum is solid.

A bullish long-term trend

The long-term trend is also bullish. MicroStrategy's 200-day simple moving average is $134.65, well below the current share price.

The Moving Average Convergence Divergence (MACD) indicator is at 18.66, another indicator of a buy signal, while the Relative Strength Index (RSI) is at 73.13, indicating that the stock is in overbought territory.

An exciting tug of war between bulls and bears

Despite some warning signs – such as the RSI suggesting possible overheating – the overall outlook for MicroStrategy remains positive, at least for now. The company's dual focus on Bitcoin and enterprise AI is winning over institutional players like BlackRock, while skeptics like Schiff continue to warn of an impending collapse.

Will BlackRock's vote of confidence prove wise, or is Schiff's doomsday prediction just around the corner? Currently, MSTR is riding high, but in the wild world of Bitcoin, things can change in a flash.

Read more: Lucid CEO throws cold water on Tesla's robotaxi vision, saying self-driving cars won't arrive until the 2030s.

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