Cantor Fitzgerald has reduced its 12-month price target for MicroStrategy (MSTR) stock by 60%, lowering it from $560 to $229, while maintaining a 'Buy' rating. The financial services firm dismissed concerns about a forced liquidation of MSTR’s Bitcoin holdings, citing the company's sufficient liquidity to cover dividends for 21 months and its capacity to raise capital if necessary. The report also noted potential risks from MSCI’s proposed policy to exclude companies with over 50% digital asset exposure, which could lead to fund-driven sell-offs. Despite these challenges, Cantor Fitzgerald remains optimistic about Bitcoin's long-term potential, suggesting it could surpass gold's market value if its price reaches $1.58 million.