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Fomo Rally

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cryptocurrency1 year ago•2 min saved

"Bitcoin FOMO Rally: Predictions for Record Highs and $600K Price by 2026"

Analysts at AllianceBernstein predict that the approval of spot Bitcoin ETFs could lead to a "FOMO rally" and potentially push Bitcoin to a new all-time high this year. They anticipate increased demand and a supply crunch due to the upcoming Bitcoin halving, leading to potential gains driven by retail investor interest. Three spot ETFs have already accumulated over $1 billion in assets, contributing to an 8.5% rise in Bitcoin's price since the start of the year.

via Decrypt|

#alliancebernstein #bitcoin #cryptocurrency

cryptocurrency1 year ago•1 min saved

Bitcoin's Price Projection: $600K by 2026

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.

via Investing.com|

#bernstein #bitcoin #cryptocurrency