Bitcoin will resume its bullish push after halving and could reach $150,000 by the end of 2025, analysts at brokerage Bernstein promise.
Technically, the halving of the #Bitcoin network itself does not affect the change in demand, say analysts at Bernstein. However, market catalysts like a reduction in the supply of BTC will become drivers of value growth. And over time, the supply-demand imbalance will only increase.
As a result of halving, about 7 % of the network's hashrate will shut down, as less efficient miners will not be able to recover operating costs and will become unprofitable, Bernstein experts believe. The potentially available supply of BTC will decrease for objective reasons. Then the situation may normalize, after a series of mergers and acquisitions in the mining market. The industry is likely to consolidate towards the four leading publicly traded mining companies: CleanSpark, Marathon, Riot Platforms and Cipher Mining.
