The important variable would have to be political sentiment. The huge rally that happened when trump was sworn in, happened because he projected the right signals. Although it is starting to look like a pump and dump where he infected hype to get attention and make a quick buck, then pulled the rug and proceeded off to his next get-rich scheme. With the abandonment, some investors likely decided to give up, having entered because they thought there would be sustained efforts to hype crypto up from the white house.
I think MSTR is overvalued
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