Bitcoin's Price Projection: $600K by 2026
TL;DR Summary
Bernstein analysts predict that Bitcoin is poised for a FOMO rally to new record highs, driven by the increasing interest in Bitcoin ETFs. They note a significant decrease in outflows from Grayscale Bitcoin Trust and a surge in inflows into new ETFs, leading to improved market sentiment and impending scarcity of supply. The analysts expect a significant Bitcoin rally to occur before the halving event in April 2024 and advise investors to consider cryptocurrency investments, particularly in companies like Riot Platforms and CleanSpark.
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