Bernstein Analysts Are Bullish on Bitcoin, Reiterate $150K Price Target

Tuesday, 12 March 2024, 23:41

Bernstein analysts reaffirm their Bitcoin price forecast of $150,000, predicting a significant rise post-halving event. The outlook is based on the expected influx of $10 billion in 2024 and $60 billion in 2025 from exchange-traded fund inflows. Within just 40 trading days post ETF launch, Bitcoin has seen inflows surpassing $9.5 billion, indicating strong market momentum and investor confidence.
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Bernstein Analysts Are Bullish on Bitcoin, Reiterate $150K Price Target

Bernstein Analysts' Bitcoin Forecast Confirmation

Bernstein analysts have once again affirmed their prediction that Bitcoin will reach $150,000 in the near future.

Key Points:

  • Price Projection: Bitcoin set to 'break out' post-halving event.
  • ETF Inflows: Anticipated $10 billion in 2024 and $60 billion in 2025.
  • Market Momentum: Over $9.5 billion inflows in just 40 trading days post-ETF launch.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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