|
|
Although analysts generally expect the halving to boost prices, renowned investment firm Bernstein suggests, considering historical data, that Bitcoin will continue its upward trend after the halving.
According to The Block, analysts at Bernstein, led by Gautam Chhugani and Mahika Sapra, wrote in a report today that they expect BTC to continue rising after the halving, maintaining their target of $1.5 million by the end of 2025.
"We expect the uptrend in Bitcoin to continue post-halving when mining difficulty adjustments and ETF inflows resume.
Historically, Bitcoin price increases have always been accompanied by halvings, sometimes occurring a few months after the halving.
We also believe that demand for physical BTC ETFs will continue to grow.
We still expect Bitcoin to reach $1.5 million by 2025."
Bernstein analysts also suggest that investors buy shares of Bitcoin mining companies Riot Platforms and CleanSpark before the halving. |
|
Post time 23-4-2024 21:21:56