John Deaton forecasts Bitcoin surging to $180,000–$250,000 by August 2026, potentially pushing MSTR stock past $500 from $358.
An XRP litigator, John Deaton, anticipates a bull-case scenario with a target of $500 and beyond, despite the significant selling pressure Michael Saylor’s Strategy (NASDAQ: MSTR) experienced last week. After Saylor reversed his decision to continue with equity dilution, the MSTR stock has been subject to significant selling pressure, even under 2.5 mNAV. However, analysts are optimistic about the potential for a stock recovery soon, given the robust Q2 results and the anticipated Bitcoin price rally.
During the Bitcoin bull run, the stock price of MSTR is predicted by an XRP lawyer
John Deaton, the renowned XRP counsel, expressed his opinion on Bitcoin and MicroStrategy, asserting that the price of Bitcoin could increase to between $180,000 and $250,000 within the following year. Deaton’s forecast for Bitcoin is comparable to that of other industry titans, including Anthony Scaramucci and Eric Trump.
Deaton asserted that such a rally would likely propel MSTR stock, which is currently trading at $358, beyond $500 per share. Nevertheless, the XRP counsel cautioned that the cycle may reverse in the event of a 30–40% correction in the price of Bitcoin. This has the potential to precipitate a substantial decline in the Strategy stock price.
Deaton mentioned that this situation could result in rumors of liquidation and speculation that Saylor is compelled to sell. Michael Saylor was the subject of criticism last week after he reversed the company’s mNAV policy, which was associated with equity dilution.
Andrew Phang, the Chief Financial Officer of Strategy, declared that the company will not pursue stock dilution under 2.5mNAV, even though the company reported a net income of $10 billion during the second quarter of this year. The mNAV has plummeted from 3.68x in December 2024 to 1.6x in the past few months, as MSTR stock has underperformed. Strategy’s stock issuance policy was significantly altered by Michael Saylor, as the company is currently experiencing difficulty in maintaining a premium to BTC.
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Analysts are optimistic about Strategy’s future, despite the current underperformance of the MSTR stock on Wall Street. Fundstrat’s Tom Lee has proposed that MicroStrategy could become one of the largest publicly traded companies if Bitcoin reaches $1 million in an interview conducted a few weeks ago.
According to Lee, the company’s prospective valuation would be determined by the sheer value of its Bitcoin holdings, rather than earnings. “Exxon was an oil company.” Lee commented, “The strategy is Bitcoin.”
In addition, Strategy Treasurer Shirish Jajodia discussed the current skepticism regarding MSTR’s performance during an interview with Natalie Brunell on the Coin Stories podcast. He asserted that investors will eventually recognize the company’s recent policy change.
The Strategy stock price currently trades at $358, a 12% decrease from the previous month. The stock reached a four-month low during the most recent correction, and analysts anticipate it will continue to decline until it reaches $300 before resuming its upward trajectory. The stock has already exhibited reversal indications, rebounding from the lows of $330 last week, with a 6% increase during Friday’s trading session.