{"id":10599,"date":"2024-02-11T11:18:15","date_gmt":"2024-02-11T09:18:15","guid":{"rendered":"https:\/\/forklog.com\/en\/bernstein-predicts-bitcoin-miners-stock-surge-ahead-of-halving\/"},"modified":"2024-02-11T11:18:15","modified_gmt":"2024-02-11T09:18:15","slug":"bernstein-predicts-bitcoin-miners-stock-surge-ahead-of-halving","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bernstein-predicts-bitcoin-miners-stock-surge-ahead-of-halving\/","title":{"rendered":"Bernstein Predicts Bitcoin Miners’ Stock Surge Ahead of Halving"},"content":{"rendered":"

Shares of companies mining the leading cryptocurrency present a promising entry point ahead of the halving, reports CoinDesk<\/a>, citing a report by Bernstein analysts.<\/p>\n

The document notes that Bitcoin’s price soared after each previous halving\u2014in 2012, 2016, and 2020. The next halving, which will reduce the block reward to 3.125 BTC, is scheduled for April 2024.<\/p>\n

Bernstein specialists have drawn investors’ attention to the shares of mining companies Riot Platforms and CleanSpark.<\/p>\n

The report states that companies providing 15% of Bitcoin’s hashrate may shut down post-halving. However, if the asset’s price remains high, the event might not be as critical, according to analysts.<\/p>\n

\n\u201cAt a [Bitcoin] price of $44,500, the outlook for most US-listed miners looks relatively good, even if their costs double after the halving,\u201d Bernstein stated.<\/cite><\/p><\/blockquote>\n

Experts highlighted the \u201cpositive momentum\u201d of spot price-based ETFs for the leading cryptocurrency, stable asset quotes, and \u201chealthy miners\u201d as indicators of a stable industry situation.<\/p>\n

\n\u201cThe institutional narrative, led by Bitcoin ETFs, is driving demand. Bitcoin acts as a reflexive asset. Its higher price will increase inflows into ETFs, leading to new highs in 2024,\u201d the report states.<\/cite><\/p><\/blockquote>\n

On Thursday, February 8, the leading cryptocurrency surpassed the $45,000 mark. The following day, the asset’s quotes soared above $47,000. At the time of writing, Bitcoin is trading at $48,100.<\/p>\n

\"Snimok-ekrana-2024-02-11-v-11.04.13\"
Hourly BTC\/USDT chart from Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

In February, popular blogger PlanB predicted the leading cryptocurrency could reach $500,000. He believes that post-halving, the asset will become scarcer than gold and real estate.<\/p>\n

Earlier, Bitfinex’s head of derivatives, Jag Kooner, suggested a short-term correction in the digital asset market, as Bitcoin’s price has yet to reflect the Fed<\/span>‘s intention to delay rate cuts.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of companies mining the leading cryptocurrency present a promising entry point ahead of the halving, reports CoinDesk, citing a report by Bernstein analysts. The document notes that Bitcoin’s price soared after each previous halving\u2014in 2012, 2016, and 2020. The next halving, which will reduce the block reward to 3.125 BTC, is scheduled for April […]<\/p>\n","protected":false},"author":1,"featured_media":10598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1137,160],"class_list":["post-10599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-cryptocurrency-mining","tag-halving"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=10599"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10599\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/10598"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=10599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=10599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=10599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}