MicroStrategy 加入纳斯达克 100 指数：2 只加密货币股票有望获胜

在这里，投资者可以在潜在的高点加入聚会，也可以开始在加密货币领域寻找更好的替代品

Investors in MicroStrategy (NASDAQ: MSTR) might be celebrating the company’s addition to the Nasdaq-100 index, but those looking at the stock chart might be left scratching their heads. After all, the stock has rallied an incredible 320% in the last 12 months, largely on the back of the company’s strategy to add Bitcoin to its balance sheet and boost its book value.

MicroStrategy（纳斯达克股票代码：MSTR）的投资者可能正在庆祝该公司被纳入纳斯达克 100 指数，但那些查看股票图表的人可能会摸不着头脑。毕竟，该股在过去 12 个月内上涨了 320%，令人难以置信，这主要得益于该公司将比特币添加到其资产负债表中并提高其账面价值的战略。

Now, with the stock trading at 20x its book value and astronomically high earnings multiples, some investors might be wondering whether there are better alternatives in the market. And there certainly are.

现在，由于该股的交易价格是其账面价值的 20 倍，并且市盈率高达天文数字，一些投资者可能想知道市场上是否有更好的选择。当然有。

This is where investors can either join the party at the potential highs or start looking for better alternatives in the cryptocurrency space, stocks that can offer much more upside at lower risk levels if the MicroStrategy model were to fail as initially critiqued. Some of these options might be found in Coinbase Global Inc. (NASDAQ: COIN) or even in CleanSpark Inc. (NASDAQ: CLSK).

投资者可以在潜在的高点加入这一行列，也可以开始在加密货币领域寻找更好的替代品，如果 MicroStrategy 模型像最初批评的那样失败，这些股票可以以较低的风险水平提供更多的上涨空间。其中一些选项可能会在 Coinbase Global Inc.（纳斯达克股票代码：COIN）甚至 CleanSpark Inc.（纳斯达克股票代码：CLSK）中找到。

Coinbase Stock is Standing in the Rain There’s a reason why analysts at Needham & Co. decided to boost their views on Coinbase stock as of December 2024. They kept their buy rating for the company, but this time, their valuation targets increased to $420 a share, calling for a net rally of up to 50.5% from where it trades today.

Coinbase 股票正处于风雨之中 Needham & Co. 的分析师决定在 2024 年 12 月之前提高对 Coinbase 股票的看法是有原因的。他们维持对该公司的买入评级，但这一次，他们的估值目标提高到每股 420 美元股价预计较今日交易价净上涨 50.5%。

The reason behind Coinbase's optimism is simple: As more people become interested in Bitcoin and other cryptocurrency trading, this exchange will be in the middle of the storm, sort of standing in the rain, waiting to get wet. This rain would come through the crazy amount of fees generated by all of the trading activity to be had.

Coinbase 乐观的原因很简单：随着越来越多的人对比特币和其他加密货币交易感兴趣，这个交易所将处于风暴之中，有点像站在雨中，等待被淋湿。这场雨将来自所有交易活动产生的巨额费用。

This expectation can be reflected in the earnings per share (EPS) projections given by Wall Street analysts today, set to deliver $0.94 in EPS for the next 12 months, a significant jump up from today’s $0.28 EPS. That sort of profit increase should be enough to offer investors a much smoother ride in the coming months than MicroStrategy could.

这一预期可以反映在华尔街分析师今天给出的每股收益 (EPS) 预测中，未来 12 个月的每股收益预计为 0.94 美元，比今天的 0.28 美元大幅上涨。这种利润增长应该足以让投资者在未来几个月内比 MicroStrategy 更加顺利。

CleanSpark Can Double From Here, According to Analysts Investors can think of CleanSpark as the less leveraged and less volatile version of MicroStrategy. Both companies follow a similar model of accumulating Bitcoin on their balance sheets to boost the stock’s book value. While both offer software services and use part of their revenues to buy Bitcoin, CleanSpark offers a much better profile.

分析师表示，CleanSpark 可以从此翻倍投资者可以将 CleanSpark 视为杠杆率较低、波动性较小的 MicroStrategy 版本。两家公司都遵循类似的模式，在资产负债表上积累比特币，以提高股票的账面价值。虽然两者都提供软件服务并使用部分收入购买比特币，但 CleanSpark 提供了更好的配置。

By trading at only 1.9x its book value, this stock could make a significant run to new highs like MicroStrategy did, especially as investors figure out that the same value created in that expensive stock could be replicated in this discounted one.

由于交易价格仅为其账面价值的 1.9 倍，这只股票可能会像 MicroStrategy 那样大幅上涨至新高，特别是当投资者发现这只昂贵股票所创造的相同价值可以在这只打折股票中复制时。

That is why analysts on Wall Street now have a consensus price target for the company set at $23.17 a share, which calls for just shy of 110% upside from where it trades today. Considering these valuation multiples, investors can take advantage of the bull runs in Bitcoin with a much better setup through CleanSpark today.

这就是为什么华尔街分析师现在将该公司的一致目标股价定为每股 23.17 美元，即较当前交易价上涨近 110%。考虑到这些估值倍数，投资者今天可以通过 CleanSpark 进行更好的设置，利用比特币的牛市。