Bitcoin (BTC) enthusiasts have long been known for their bullish predictions, but a recent report from brokerage firm Bernstein is adding weight to their claims.
The report suggests that Bitcoin’s historical price movements, particularly its relationship with halving events, make the prediction of a $150,000 price tag by 2025 not as far-fetched as it may seem.
One of the central themes highlighted in the report is the cyclical nature of the top crypto’s price cycles. Over the years, it has exhibited four-year patterns that align with its halving events.
Bitcoin Halving Cycles: A Key Factor
Bitcoin halving, or “halvening,” is a pre-programmed event that reduces the number of new cryptos created and earned by miners by half. These events, which occur roughly every four years, have historically had a significant impact on the cryptocurrency’s price.
With the next halving expected in April 2024, Bernstein’s analysis suggests that investing in successful Bitcoin miners could
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