While there are a few days left for the long-awaited Bitcoin halving, the halving is expected to have a positive impact on the price.
At this point, while analysts generally expect the halving to increase the price, considering historical data, the famous investment firm Bernstein said that they expect Bitcoin to continue its upward trend after the halving.
According to The Block, Bernsterin analysts led by Gautam Chhugani and Mahika Sapra wrote in a report today that they expect BTC to continue rising after the halving and that their target of $ 150,000 by the end of 2025 remains unchanged.
“We expect Bitcoin's upward trend to continue post-halving when Bitcoin mining hash rates adjust and ETF inflows restart.
Historically, the Bitcoin price rise has always followed the halving, sometimes occurring several months after the halving.
We also think demand for spot BTC ETFs will continue to grow.
At this point we continue to expect Bitcoin to reach a $150,000 cycle by 2025.”
Bernstein analysts also added that they recommend investors buy shares of Bitcoin mining companies Riot Platforms and CleanSpark ahead of the halving.
*This is not investment advice.
