After the Bitcoin halving takes place in April, some of the equipment for mining digital gold will be turned off, Bernstein experts believe. Analysts Gautam Chugani and Mahika Sapra believe that with the new bull trend, the influx of funds into spot Bitcoin ETFs, and the remaining mining companies in the market will remain attractive to investors.
Shares of companies involved in the production of the first cryptocurrency will increase in price by at least 5-10% by the end of the year, Bernstein experts believe.
Previously, Bernstein believed that the Bitcoin rate would rise to $80,000 by the end of the year. The change in forecast was caused by the ongoing bullish trend of BTC. Bernstein clarified that they expect the market capitalization of Bitcoin to reach $3 trillion by 2025, and that of Ethereum to reach $1.8 trillion.
Source: Bits
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