Strategy Shares Could Gain Up to 6x as Bitcoin Heads to $180K
Investor Lawrence Lepard believes that the current crypto bear market is creating one of the strongest long-term buying opportunities in years. He recently increased his position in Strategy, calling the recent selloff an overreaction.
Lepard argues that the current prices of Bitcoin are a deep discount compared to its historical valuation range. According to the Bitcoin Power Law model, Bitcoin's value is currently around $134,000, but it's trading near $58,000-$60,000.
Strategy remains a leveraged play on Bitcoin, making it more volatile than holding BTC directly. Lepard rejects claims that Michael Saylor is taking excessive risks, saying the company's leverage remains well managed.