Odaily News 10x Research published an article on the X platform stating that MicroStrategys stock price is overvalued by 60%. Based on its actual situation, the stock price is even overvalued by nearly 100%. A year ago, MicroStrategys stock price did not exist at a premium relative to Bitcoin. This stock has become a typical representative of this Bitcoin bull market, while the discount price of Grayscale GBTC is a typical representative of the bear market in 2022. Realistically, the stock should be trading closer to $1,000, rather than in the $1,700 to $2,000 range. According to previous news, investment company Kerrisdale Capital believes that MicroStrategys stock price is overvalued. The firm holds a short position in MicroStrategy stock and a long position in BTC via BlackRock and Fidelity’s spot Bitcoin ETFs. Kerrisdale Capital said in the report: We are long Bitcoin and short shares of MicroStrategy, a proxy for Bitcoin that trades at an unreasonable premium to the digital assets driving its value. With the recent rise in Bitcoin prices , MicroStrategy shares soared, but as is often the case in the cryptocurrency space, things got carried away.”