Saylor Declares 'Time to Silence Bears' as Bitcoin Hits $72K

Bitcoin's price surge to nearly $72,000 has sent shockwaves through the crypto market, and Michael Saylor, Executive Chairman of MSTR, is feeling confident. In a post on X, Saylor shared an AI-generated video beating out bears amid Bitcoin's rally.

Saylor wrote, 'Time to silence the bears,' as he shared the video, which shows him eating from a bag of chips labeled 'Bitcoin' before punching out a pair of bears.

MSTR's stock has been tracking Bitcoin's price movements closely, rising 5.2% in morning trade on Wednesday. However, retail sentiment remains bearish, with some users expressing caution against the rally, stating that risk sentiment still feels 'weak.'

Analysts are also weighing in on MSTR's stock performance. BTIG reiterated its 'Buy' rating on MSTR's stock with a price target of $250, representing a potential upside of over 100%. The average price target on MSTR's stock stands at $374.07, which has an even higher upside of over 189% from current levels.