Bernstein analysts on Monday told clients “the best days of crypto are ahead,” pointing to Strategy Inc.’s (NASDAQ:MSTR) STRC perpetual preferred as a key engine driving the next leg of Bitcoin (CRYPTO: BTC) accumulation.
Polymarket bettors aren’t quite as convinced.
Bitcoin was changing hands around $77,000 Monday, closing in on the $80,000 level Bernstein flagged as a milestone on the way back up.
The bullish note from analyst Gautam Chhugani landed days after Strategy disclosed it now holds 818,334 BTC, following Michael Saylor’s largest single-day Bitcoin purchase on record.
The STRC Flywheel
Chhugani called STRC a “high-yield, low-volatility vehicle” pulling in income-focused investors and recycling that capital into more Bitcoin.
Strategy is proposing to shift the product from monthly to twice-monthly dividend payments while keeping the 11.5% annualized yield intact.
That mechanism, more than spot ETF inflows, is what Bernstein sees as the engine …
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