Tag

Berenberg

All articles tagged with #berenberg

finance2 years ago•1 min saved

Coinbase faces investor uncertainty amidst SEC lawsuit and stock fluctuations.

Investment bank Berenberg has said that Coinbase shares are "uninvestable" in the near term due to the weak second-quarter 2023 trading volumes and the negative overhang created by the SEC lawsuit against the crypto exchange. Berenberg maintained its hold rating on the stock and slashed its price target to $39 from $55. The SEC's desired remedy would probably require the complete closure of Coinbase's core business in the U.S., and this will also weigh on the shares, the report added.

via CoinDesk|

#berenberg #coinbase #finance

cryptocurrency2 years ago•3 min saved

Bitcoin Analysts Predict Rally Ahead of Halving Event and Fed Meeting

Berenberg analysts predict that Bitcoin could outshine the crypto market in the coming months due to its commodity status, decentralized blockchain protocol, and the upcoming halving event that will cut the rate of new coin production in half. Historically, halving events have been associated with a significant increase in Bitcoin's price. Berenberg also sees potential for MicroStrategy shares to benefit from the halving event as the largest corporate holder of Bitcoin reserves. The recent banking crisis and concerns about de-dollarization could also highlight the value proposition of Bitcoin as an alternative currency.

via Decrypt|

#berenberg #bitcoin #crypto-market

finance2 years ago

Berenberg predicts 35% rebound for battered bitcoin proxy.

Berenberg, a German investment bank, predicts that a beaten-up bitcoin proxy will rebound by 35% as the cryptocurrency regains the spotlight. The bank believes that the recent dip in bitcoin's price is temporary and that it will continue to rise in the long term. Berenberg recommends investing in companies that have exposure to bitcoin, such as PayPal and Square.

via CNBC|

#berenberg #bitcoin #cryptocurrency