{"id":11840,"date":"2024-03-13T19:08:50","date_gmt":"2024-03-13T13:38:50","guid":{"rendered":"https:\/\/bigbreakingwire.in\/bernstein-forecasts-bitcoin-to-hit-150000-advocates-bitcoin-miners-as-prime-investment-amidst-halving-anticipation\/"},"modified":"2024-03-18T19:47:34","modified_gmt":"2024-03-18T14:17:34","slug":"bernstein-forecasts-bitcoin-to-hit-150000-advocates-bitcoin-miners-as-prime-investment-amidst-halving-anticipation","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/bernstein-forecasts-bitcoin-to-hit-150000-advocates-bitcoin-miners-as-prime-investment-amidst-halving-anticipation\/","title":{"rendered":"Bernstein Forecasts Bitcoin to Hit $150,000: Advocates Bitcoin Miners as Prime Investment Amidst Halving Anticipation"},"content":{"rendered":"
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Bernstein, a prominent financial research firm, has recently made a bold prediction regarding the future of Bitcoin, foreseeing its price climbing to an impressive $150,000. In a communication addressed to its clients, the firm recommends a strategic move, urging investors to consider buying Bitcoin miners. They suggest that the current underperformance of Bitcoin presents a unique and potentially final window of opportunity before an anticipated halving event.<\/p>\n\n\n\n

Standard Chartered predicts Bitcoin will rally to $150,000 by the end of this year and could potentially reach $250,000 by 2025.

As Bitcoin continues its upward trajectory, currently trading above the $67,000 mark, Bernstein harks back to the words of Satoshi Nakamoto, the mysterious creator of Bitcoin, who, in 2010, succinctly stated, “If you don’t get it, I don’t have the time to try to convince you.”

Gautam Chhugani, an analyst at Bernstein, asserts that Bitcoin miners serve as an optimal equity proxy for those looking to capitalize on the ongoing rally. He expresses growing confidence in the $150,000 price target, attributing it to factors such as post-halving breakout expectations and institutional flows.

Chhugani breaks down the estimation process, factoring in $10 billion in inflows for 2024 and an additional $60 billion for 2025. Notably, within a mere 40 trading days since the launch of Bitcoin exchange-traded funds (ETFs) on January 10, ETF inflows have already exceeded an impressive $9.5 billion.

The analyst concludes by suggesting that Bitcoin’s integration into traditional asset portfolios is still in its nascent stages. This implies that there may be considerable untapped potential for Bitcoin’s continued growth and acceptance within diverse investment landscapes. Investors are advised to carefully consider these factors as they navigate the evolving landscape of cryptocurrency investments.<\/p>\n\n\n\n

Bitcoin is currently challenging its “last resistance” close to all-time highs, with a potential indication of an additional 18% increase to reach $80,600, according to Fairlead Strategies.<\/p>\n\n\n\n

Did you know? <\/strong>The remarkable surge in Bitcoin’s value seems to be generating approximately 1,500 new “millionaire wallets” each day, as reported by the cryptocurrency analytics firm Kaiko Research. <\/p>\n\n\n\n

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JPMorgan Predicts Bitcoin’s Price Could Drop to $42,000 Post-Halving<\/a><\/blockquote>