Bitcoin in the 95K-98K price range remains attractive for investors: Bernstein
remains an “attractive” investment in the $95,000 to $98,000 price range for investors looking at a six-to-twelve-month horizon, according to Bernstein analysts, who maintain a 12-month price target of $200,000 for the cryptocurrency.
"Maybe, Bitcoin takes a small ‘holiday breather’ here, before the demand breaks through the $100K wall permanently,” analysts led by Gautam Chhugani said in a note. The convertible debt market for Bitcoin, pioneered by MicroStrategy, is gaining traction among other companies. Major Bitcoin miners such as Riot Platforms (NASDAQ:
The firm added that most miners burdened by debt during the 2021-22 cycle have either exited the market or returned in stronger financial shape, with
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