Analysts at Bernstein say Bitcoin may hit $150,000 in the next 18 months as it is boosted by institutional investor capital. He made his prediction after the price of Bitcoin surged past $60,000 for the first time since November 2021.
The surge in Bitcoin prices has been driven by the launch of several Bitcoin ETFs in the United States. At the same time, it is also supported by the upcoming Bitcin Halving event in the coming months.
[1/4] Bitcoin ETF Flow – 29th Feb 2024
All data in. $92m of positive flow for the day, with Blackrock and GBTC offsetting eachother, each with $600m flow in the other direction pic.twitter.com/f5uFFxl1YS
— BitMEX Research (@BitMEXResearch) March 1, 2024
However, analysts at Bernstein said the biggest impact on prices is Investment from institutional investors is increasing rapidly. Major players like BlackRock and Fidelity have attracted billions of investors to Bitcoin ETFs in just a few weeks.
in addition reportAccording to Forbes, the analyst predicts Bitcoin ETFs will continue to grow to unprecedented levels.
The upcoming Bitcoin Halving will take place sometime in April. The rewards received from mining will be reduced by half. This occurs every 210,000 blocks, or approximately 4 years, which makes Bitcoin even more difficult to find.
In the past, Bitcoin Halving events have caused the price of Bitcoin to surge sharply. Analysts from Bernstein expect this to help Bitcoin reach $150,000.
last year Investment research company Fundstrat hasPredictBitcoin Price Could Hit $180,000 Before the Bitcoin Halving
At the same time, Standard Chartered CompanyPredictthat Bitcoin will reach $120,000 by 2024
Source: CryptoGlobe
2024-03-02 04:16:28
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