Where Will MicroStrategy Incorporated Be in 1 Year?
Warning signs are flashing following the stock's meteoric rise.
MicroStrategy Incorporated (NASDAQ: MSTR) started as a software company in 1989. Today, it's better known for its devotion to Bitcoin. It prides itself on being the world's first and largest Bitcoin Treasury Company (BTC). The stock has been staggeringly successful in recent years, soaring over 700% over the past three years, including over 350% in just the past 12 months.
The company's Bitcoin focus has made it a simple way for investors to not only indirectly invest in Bitcoin via the stock but to invest in Bitcoin-related opportunities in hopes that the flagship cryptocurrency becomes more tightly woven into the digital economy.
Unfortunately, I worry MicroStrategy's stock will likely decline significantly over the next year due to a disconnect between the share price and business fundamentals.
