🚀 Investors wondering what will happen after MicroStrategy shares rise 343% this year may want to pay attention to what Markus Thielen, the leader of 10x Research, who predicted the BTC rally, said.

📉 According to 10x's latest research note, MSTR shares appear to be overvalued by 26%. This conclusion is based on the regression model that examines the relationship between the dependent variable, MSTR, and the independent variable, the spot price of BTC.

🗨️ “The regression model shows that MicroStrategy is 26% overvalued and has a 20% risk of decline based on current Bitcoin prices. Time to take profits,” 10x said.

📊 The performance of cryptocurrency-related stocks, like MSTR and Coinbase shares, is considered an indicator for institutional interest in bitcoin. These listed instruments allow market participants to gain exposure to these assets without needing to own digital assets.

💡 Based on 10x, several cryptocurrency-related stocks are trading near fair value based on the price of bitcoin.

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