TD Cowen’s Lance Vitanza: BTC to $132k in 2027 & MSTR Price Outlook

TD Cowen analyst Lance Vitanza forecasts Bitcoin (BTC) to hit $132,000 by 2027, providing insights into MicroStrategy's (MSTR) price outlook. The article underscores a significant shift in institutional engagement with Bitcoin, noting that financial institutions are no longer questioning the validity of acquiring BTC but are instead actively exploring the practicalities of integrating it. Vitanza's analysis details the expanding landscape of corporate Bitcoin treasuries and the development of capital markets products designed to facilitate institutional access to Bitcoin.