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Adam Back says MicroStrategy (MSTR) is ‘stupidly cheap’
In a recent interview, renowned cryptographer and Bitcoin pioneer Adam Back has expressed his opinion on the current price of MicroStrategy’s shares. According to Back, the Virginia-based business intelligence firm’s stock, MSTR, is “stupidly cheap”.
As the market trends continue to evolve, many experts believe that a potential rise in the value of MSTR could be triggered by a surge in Bitcoin’s (BTC) price. However, it appears that Adam Back has a different perspective.
Speaking with his audience about his stance on MSTR, Back emphasized his concerns regarding the ETF’s recent performance and the risks associated with leveraged exposure to Bitcoin. He believes that MicroStrategy’s shares have been severely undervalued in the market.
“MicroStrategy is stupidly cheap,” Back stated.
Source: u.today
