Siebert Financial analyst Brian Vieten sees Bitcoin (BTC) reaching $175,000 within 12 months of Oct. 19 and has a $350 target for Strategy, assuming no expansion in the company’s market value-to-net-asset-value (mNAV) multiple.
In an interview published Oct. 19 by Bitcoin Magazine, Vieten pointed to continued exchange-traded fund demand and the possibility of additional demand linked to stablecoins and tokenization under the GENIUS Act. He also referred to Strategy’s “digital credit engine.”
Vieten saw the June low near $58,000 as evidence that selling by miners, exchanges, treasury companies and lenders was waning.
An earlier EconoTimes report on Barclays’ Strategy call and a Bitcoin purchase said analyst Nik Cremo raised his target to $175 from $160 on Oct. 9 and separately covered Strategy’s 250-Bitcoin purchase for the week ending Oct. 11.
