The bitcoin price could hit $1 million by 2033 and is likely to reach a $200,000 cycle-high by 2025. MicroStrategy initiated as outperform with a $2,890 price target at Bernstein. The software company’s long-term convertible debt strategy means it has time to benefit from bitcoin upside with limited liquidation risk to the crypto on its […]
Bitcoin mining difficulty fell about 6% last week, the report said. The broker noted that bitcoin miners with the lowest costs have increased market share since the halving. Bernstein said a pause in the bitcoin rally is good for lower cost miners as hashrates remain capped. Bitcoin {{BTC}} mining difficulty fell around 6% last week […]
Back in October, investment firm Bernstein predicted that Bitcoin (CRYPTO: BTC) would skyrocket to a price of $150,000 by mid-2025. At the time, Bitcoin was trading for around $35,000, the new spot Bitcoin ETFs had not yet been introduced, and the much-anticipated halving had not yet occurred. Six months later, it’s safe to say that […]
Bernstein recommends buying bitcoin miners Riot Platforms and CleanSpark ahead of the halving. Bitcoin’s bullish trajectory to resume after the reward halving, Bernstein said. The broker maintained its cycle high forecast of $150,000 by 2025. The “miner fear factor” is at its peak ahead of the imminent halving, and investors should buy outperform-rated Riot Platforms […]
Mining stocks have underperformed bitcoin this year. The CEOs of these companies remain upbeat ahead of the halving citing stronger balance sheets, the report said. Some CEOs noted the potential for consolidation in the sector, Bernstein said. Bitcoin {{BTC}} miners may have underperformed the cryptocurrency this year, but their CEOs remain upbeat as the reward […]
Unfazed by the recent bitcoin slide from its March 14 record highs, Bernstein raised its year-end forecast early Thursday. Cryptocurrency prices and related stocks staged a brisk rally. X Bernstein on Tuesday hoisted its bitcoin price target to $90,000 by the end of the year, up from the prior outlook of $80,000, according to a […]
Bernstein recommends buying mining stocks to gain bitcoin exposure. Riot Platforms and CleanSpark are the broker’s top picks. Positive ETF flows provide an additional tailwind for bitcoin. Bitcoin {{BTC}} mining companies appear to have bottomed out following the approval of spot bitcoin exchange-traded funds (ETFs) in the U.S. last month, and broker Bernstein advises buying […]
Every investor is in the game to find the ‘growth winners’ in the stock market. In the previous year, it was clear that AI-focused tech led the way in a bullish market. Now, Bernstein analyst Peter Weed is shifting his focus to 2024, where he sees opportunity in several cybersecurity stocks. Weed acknowledges that the […]
Bitcoin [BTC] mining stocks have underperformed in recent weeks, but any weakness in the near term represents a potential buying opportunity, broker Bernstein said in a research report on Monday, The mining stocks are facing two headwinds following the approval of spot bitcoin exchange-traded funds (ETFs). First is “lower investor appetite to use them as […]
(Bloomberg) — Strains on US consumer spending such as rising delinquency rates on credit cards largely indicate that Americans’ debt is returning to pre-pandemic levels, the head of President Joe Biden’s council of economic advisers said. Most Read from Bloomberg Jared Bernstein, a key advocate for Biden’s economic agenda as the president seeks a second […]