Billionaire and executive chairman of MicroStrategy (MSTR), Michael Saylor, indicated that he would be open to joining President-elect Donald Trump’s potential crypto advisory council. In a Bloomberg interview, Saylor confirmed that he had discussions with members of Trump’s incoming administration but avoided specifics. He added that he would “probably” serve on a digital assets advisory council if asked.
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Trump’s administration appears set to embrace a pro-crypto stance. Trump recently stated that the U.S. must “stay ahead” of countries like China in adopting Bitcoin and proposed the creation of a strategic Bitcoin reserve modeled after the national oil reserve. In addition, former SEC commissioner Paul Atkins, who is known for his crypto-friendly views, has been named the next SEC Chair.
Adding to the momentum, Trump appointed David Sacks as the White House AI and cryptocurrency czar. Sacks, who is a PayPal (PYPL) co-founder and an experienced venture capitalist, will focus on crafting a clear legal framework for the crypto industry. He will also lead the President’s Council of Advisors on Science and Technology, which will guide policy on AI and digital assets.
Is MSTR a Good Stock to Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on MSTR stock based on eight Buys assigned in the past three months, as indicated by the graphic below. However, after an 484% surge in its share price on a year-to-date basis, the average MSTR price target of $529.57 per share implies 45.25% upside potential.
