Hi HODLers, Hiveans and Lions,
If you have been in crypto for a while you surely heard about this saying:
first they ignore you
then they laugh at you
then they fight you
And... Then they rally you!
It definitely feels like politicians and the finance industry are about to jump onboard as they old "Crypto is for geeks, thugs and terrorists" is clearly not working.
Bernstein now sees #bitcoin at $150k!
Bernstein analysts said on Monday that they were now more convinced about bitcoin (BTC) hitting $150,000 by mid-2025 after the largest digital asset rallied to reach a new all-time high this year.
They believe that the breakout will happen after the halving.
What is interesting though is that miners are not having a great time lately despite #bitcoin being up a lot in 2024. It is true that miners outperformed Bitcoin in 2023 but still, this seems like an anomaly.
Bernstein is definitely seeing an opportunity in the Bitcoin Mining space as they state the following:
“With bitcoin climbing new highs of $71K, we expect institutional interest in bitcoin equities to finally tip over, and bitcoin miners to be the largest beneficiaries,”
Stay safe out there,