Published on 17 Apr 2024 on CoinDesk via Yahoo Finance
Bernstein recommends buying bitcoin miners Riot Platforms and CleanSpark ahead of the halving.Bitcoin’s bullish trajectory to resume after the reward halving, Bernstein said.The broker maintained its cycle high forecast of $150,000 by 2025.
The “miner fear factor” is at its peak ahead of the imminent halving, and investors should buy outperform-rated Riot Platforms (RIOT) and CleanSpark (CLSK) because the market will reward these companies for their superior execution and for being market leaders by self-mining hashrate, broker Bernstein said in a research report on Wednesday.