Posted 3/21/2024, 8:39:38 PM
Bitcoin Price Forecast Raised to $90K for 2022 on Growing Demand and Upcoming Reward Halving
- Bernstein analysts predict Bitcoin will reach $90,000 by end of 2022, up from previous $80,000 forecast
- They cite bull market conditions like strong ETF inflows, low miner leverage, robust network fees mildly impacting miners
- Bitcoin's upcoming "halving" event will cut miner rewards in half, making cryptocurrency more scarce
- Analysts now "more convinced" about earlier $150K Bitcoin price forecast for 2025 due to demand for new US spot BTC ETFs
- Recommend buying mining stocks like Riot and CleanSpark for crypto exposure, as top miners post-halving