This bullish analyst on Michael Saylor's Strategy just threw in the towel on lofty price target
A prominent analyst known for his bullish stance on Bitcoin and Michael Saylor's investment strategy has revised his outlook, abandoning a previously high price target for the cryptocurrency. The analyst cited market conditions and macroeconomic factors as reasons for the change in sentiment. Despite the adjustment, he still believes in Bitcoin's long-term potential but acknowledges the challenges it faces in the near term. This shift reflects broader concerns within the crypto market regarding volatility and regulatory pressures.
Read the full article: CoinDesk