According to Bernstein research, Bitcoin will be released by mid-2025. can increase its value fourfold.
Stating that 70% of Bitcoin’s current supply has not been bought or sold in the last year, Bernstein researchers stated that the basic indicators in Bitcoin more positive than ever before said that.
“This is the highest level in Bitcoin’s history. “These loss rates are extraordinary, especially for a financial asset known for exponential movements largely due to supply squeeze.” comment was made.
It is thought that the halving, which will take place in April or May, will also have a positive impact on Bitcoin. According to the Bernstein report, after the halving, the $1 billion monthly sales pressure applied by miners to Bitcoin will drop to $500 million.
Spot exchange-traded funds (ETFs) are also expected to support the Bitcoin price. “While the Securities and Exchange Commission continues to discuss applications with leading asset managers, Bitcoin ETFs to be approved in early 2024 on its way.” It was said.