Bill Ackman raises concerns over Bitcoin miners' record energy consumption
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Bernstein increasingly convinced Bitcoin price is heading towards $150,000
March 12, 2024 7:24 AM EDTBernstein sees Bitcoin's price hitting $150,000. In a note to clients this week, the firm told investors to buy Bitcoin miners as the recent underperformance "is probably the last window before halving."
As the cryptocurrency continues to rally, currently trading above the $72,000 mark, the firm recalled the words of Satoshi Nakamoto, who told another forum member debating Bitcoin in 2010, "If you don't get it, I don't have the time to try to convince you."
According to Bernstein analyst Gautam Chhugani,... More
Bernstein on Bitcoin: 'We are now more convinced about our $150K price for Bitcoin'
March 12, 2024 6:49 AM EDTBernstein on Bitcoin: ' We are now more convinced about our $150K price for Bitcoin'
The analyst comments "We are now more convinced about our $150K price for Bitcoin: Bitcoin today is at $71K, we expected this to break out post halving. We built Bitcoin institutional flows in our... More
