Fairlead Strategies founder and managing partner Katie Stockton says Bitcoin should reach $135,000 as an “intermediate-term objective.”

Bitcoin could rally to $135K before ‘corrective phase’ — Analyst

A recent court decision established that, while Argentine President Javier 
Milei is described as an economist on X, his account has a gray verification 
mark identifying him as the head of state. This may impact the case involving 
Milei&#8217;s promotion of the Libra cryptocurrency. Court Decision May Affect 
Milei&#8217;s Responsibilities in the Libra Case While […]

Court Decision May Alter Milei’s Liability in Libra Case

Global investment bank TD Cowen has recently revised its price target for 
Strategy&#8217;s (previously MicroStrategy) stock, MSTR, raising it from $590 to 
$680 per share and a bullish prediction for Bitcoin (BTC) prices, which could 
soar to $155,000 by December. Possible 53% Drop For Bitcoin The firm’s study 
outlines a base-case scenario for Bitcoin at $128,000 by year-end, with a more 
pessimistic outlook placing it as low as $55,000, which could mean a major 53% 
crash from current prices. TD Cowen analysts assert that a significant 
increase in Bitcoin prices is expected to positively impact Strategy’s share 
price, given its status as the world’s largest corporate holder of Bitcoin. 
Related Reading: Prepare For ATHs: ‘XRP Train Has Left The Station – Analyst 
On July 14, Strategy purchased an additional 4,225 BTC for $472.5 million, 
averaging $111,827 per coin. This latest acquisition brings the company’s 
total Bitcoin holdings to an impressive 601,550 BTC. Analysts at TD Cowen 
noted that what began as a defensive measure to preserve the value of its 
assets has evolved into a proactive strategy aimed at enhancing shareholder 
value. Strategy plans to continue acquiring Bitcoin through proceeds from 
upcoming debt and equity offerings. The firm anticipates that Strategy will 
raise around $84 billion through its innovative “42/42” plan, which involves 
an equal mix of debt and equity, potentially increasing its Bitcoin reserves 
to 900,000 BTC by the end of 2027. Strategy As Strong Investment Option TD 
Cowen has initiated buy ratings on Strategy’s preferred shares, emphasizing 
their attractive income potential and price appreciation, which are expected 
to be less volatile than common shares or Bitcoin itself. This endorsement 
comes after the firm first recognized Strategy’s Bitcoin strategy in 2023, 
describing it as a “paradigm shift.” At that time, they highlighted the 
company&#8217;s approach of utilizing cash from its software business to invest in 
Bitcoin as a long-term hedge against dollar inflation. Analysts believe that 
Bitcoin’s finite supply makes it a more reliable store of value compared to 
traditional currencies or gold, presenting Strategy as an appealing option for 
investors looking to gain Bitcoin exposure. Related Reading: Avalanche 
Shatters Record With 20M Transactions—Is Real-World Use Finally Here? As 
institutional adoption of cryptocurrencies accelerates, Strategy’s acquisition 
strategy has become a blueprint for other corporate treasuries. The company&#8217;s 
total investment in Bitcoin now stands at $29.27 billion, yielding substantial 
unrealized gains with a cost basis of $71,268 per BTC. The latest report and 
Strategy’s recent purchase coincided with Bitcoin hitting a new all-time high, 
surpassing $123,000, underscoring the growing acceptance and adoption of BTC 
in the financial landscape. Nevertheless, the cryptocurrency has retraced to 
$117,000 in an attempt to find its next support level before moving on to 
uncharted territory once again if buying demand persists among investors. 
Featured image from DALL-E, chart from TradingView.com

TD Cowen Projects Bitcoin At $155K By Year-End, Raises Strategy’s Price Target

1INCH price has rallied to $0.39 after breaking extended consolidation, 
boosted by the $700B milestone in DEX volume. However, bearish RSI divergence 
raises risk of breaking the established uptrend structure if the price falls 
below the $0.30 support. 1inch (1INCH)…

1INCH price surges 75% in a week as 1inch Swap DEX hits $700B volume

Crypto infrastructure firm Function has secured $10 million in seed funding to 
scale FBTC, its fully reserved Bitcoin product, amid rising demand for BTC- 
based yield solutions. Crypto infrastructure firm Function, previously known 
as Ignition, has successfully raised $10 million in…

Function raises $10M seed round led by Galaxy to launch first fully reserved, composable Bitcoin yield product

Ethereum co-founder Vitalik Buterin advocates for the optimization of Layer1 
security and decentralization features to streamline how builders develop 
Layer2s. In a recent X post, Buterin comments on a take about how alternative 
Layer1s eventually end up becoming Layer2s overtime.…