US-based financial firm Cantor Fitzgerald slashed its price target on Michael Saylor’s Bitcoin-heavy company, Strategy, but remains bullish on long-term cryptocurrency upside. Cantor lowered its 12-month price target on Strategy stock by 60% to $229, downplaying fears of forced liquidation. Despite the downgrade, Cantor maintains a “buy” rating. Strategy’s stock traded around $186, down 27% over the past month. Cantor Fitzgerald is the ninth-largest shareholder in the company.

Cantor Fitzgerald is concerned about MSCI Index’s potential removal of companies with digital asset holdings exceeding 50% of total assets, which could lead to forced selling of MSTR. However, the firm believes this fear only presents a near-term flow headwind. Cantor remains bullish on Strategy and Bitcoin’s price momentum, calling the current pullback a healthy correction as Bitcoin aims to surpass gold’s market cap.

Popular analysts predict Bitcoin will eventually surpass gold’s market capitalization. Joe Burnett forecasts Bitcoin will exceed $1.8 million by 2035. Bitcoin’s price would need to increase nearly 16-fold to surpass the value of the world’s largest precious metal. Gold’s price has risen 58% since the beginning of 2025, outperforming Bitcoin’s 1.5% YTD decline.

Read more at Cointelegraph: Cantor Slashes Strategy Target 60%, Not Concerned By Forced-sale Fears