Analysts from Berenberg Capital Markets say that the upcoming Bitcoin halving could be a major positive for value of shares in saylor’s enterprise analytics firm MicroStrategy.
“If the historical pattern established by the first three bitcoin halvings continues to play out with the fourth halving, then the pre-halving rally would begin about four months from now,” read the note.
As Berenberg highlights, previous halvings cycles have seen the price of Bitcoin surge by a minimum of 682%. At the time of the first Bitcoin halving on November 28, 2012, the price of Bitcoin hovered around $12.The analysts noted that while Bitcoin’s supply treads a “predetermined path,” the overall demand for Bitcoin that needs to be gauged before anyone could predict the “potential magnitude” of a future rally.
Shares of MicroStrategy are currently trading for $408, having gained nearly 180% since the beginning of 2023, according toMagazine:
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