Strategy Inc. (NASDAQ:MSTR) is one of the best cryptocurrency stocks to buy according to Wall Street analysts. On September 8, at the H.C. Wainwright 27th Annual Global Investment Conference, the company’s Chairman, Michael Saylor, reiterated an optimistic vision for Bitcoin and the industry as a whole.
Pixabay/Public Domain
According to Saylor, the industry could be worth between $10 trillion and $20 trillion by 2028, amid heightened Bitcoin adoption, with nearly every household in the US having exposure. Amid the expected growth, the Strategy plans to enter the $80 trillion global credit market with its Bitcoin-backed instruments. The push comes as the company holds nearly 640,000 Bitcoin valued at over $70 billion.
The significant Bitcoin holdings have been the catalyst behind the company generating an impressive 92% return over the past five years. Its cost of capital stands at 14% while Bitcoin returns have reached highs of 55%
Strategy Inc. (NASDAQ:MSTR) is a company that holds Bitcoin as its primary treasury reserve asset. It uses capital from equity and debt financings to strategically accumulate Bitcoin, positioning itself as the world’s largest Bitcoin treasury company.
While we acknowledge the potential of MSTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 9 Best Lidar Stocks to Buy Right Now and 7 Best Cement Stocks to Buy According to Analysts.
Disclosure: None. This article is originally published at Insider Monkey.