Crypto NewsAnalysisWealth Manager Bernstein Sets Date for $150,000 in Bitcoin

Wealth Manager Bernstein Sets Date for $150,000 in Bitcoin

Bernstein analysts announced their predictions for when the Bitcoin (BTC) price will rise to the $ 150,000 level.

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Bernstein, a leading brokerage firm, predicted in a recent report that the Bitcoin (BTC) price could reach $150,000 by mid-2025.

This prediction is based on analysts' observation that Bitcoin price cycles have historically followed four-year patterns in sync with Bitcoin halving events.

The next Bitcoin halving is expected to occur in April 2024, and according to Bernstein, finding a successful BTC miner could be a high-risk option for users seeking financial exposure to this event.

The report also noted that BTC miners are transforming into industrial-scale businesses and North America is gaining market share against China.

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The report also highlighted the growing excitement around the spot Bitcoin exchange-traded fund (ETF). Analysts noted in early January that the approval of a Bitcoin ETF now looks like a 'done deal'.

This development comes after the US Securities and Exchange Commission (SEC) decided not to appeal the Grayscale decision and actively responded with regulations/comments on ETF applications. Therefore, Bernstein believes that an approval is likely by January 10.

*This is not investment advice.

Buradaki Yorumlardan Bildirim Al

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