"Analyst Predicts MicroStrategy's Stock Surge as Bitcoin Hits $72,000"

Benchmark's Managing Director and Senior Research Analyst raised MicroStrategy's price target to $1,875, citing the ongoing Bitcoin rally and the upcoming halving event. The analyst justifies the stock's premium over Bitcoin by emphasizing the company's ability to raise capital and strategically time the market. Additionally, he predicts Bitcoin's price will reach $150,000 by the end of 2025 due to a supply shock from the halving and a demand shock from the approval of spot Bitcoin ETFs, which have seen significant inflows.