Bernstein Analyst: The upcoming halving event will have less impact on miners than in previous years
TechFlow news, analysts from research and brokerage firm Bernstein raised Bitcoin’s year-end price target from $80,000 to $90,000, with Bitcoin’s 2024-2025 cycle high at $150,000.
It also stated that the upcoming halving event will have less impact on miners than in previous years. Given the overall bull market conditions, strong ETF inflows, low miner leverage, and strong network transaction fees this cycle, the impact of the halving on miners appears to be Relatively modest, dollar earnings were cushioned.
Analysts expect miner outage rates to be lower this time around, with hash rate decline expected to be around 7% (previously 15%), while the bull market will also help balance sheets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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