Bernstein sees Bitcoin hitting $150,000 by mid-2025
“You may not like Bitcoin as much as we do, but a dispassionate view of Bitcoin as a commodity, suggests a turn of the cycle,” the analysts wrote in a note.
“A good idea is only as good as its timing - SEC approved ETFs by world's top asset managers , Fidelity et al), seems imminent. Bitcoin 'halving' is due April '24. A winning Bitcoin miner is a high-beta way to gain exposure.” The analysts’ bullish view on these mining stocks is based on expectations that the world’s largest digital coin will hit $150,000 by mid-2025.
“We expect BTC to rally into the ETF approvals and ETF initial response, some profit booking into halving in April 2024 and major inflection post halving, once miner risks clear,” the analysts further added.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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