Bitcoin Halving Partially Priced In With No Big Rally Expected Afterward: Deutsche Bank
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 18 2024
0mins
Source: Coinmarketcap
- Crypto Prices: Deutsche Bank predicts that the Bitcoin halving is already partially priced in, and a significant rally is not expected after the event.
- Market Shift: Following the halving, the geography of crypto miners is expected to change to countries with lower energy costs like Latin America, Asia, Africa, and the Middle East.
- Positive Outlook: Analysts expect high crypto prices due to anticipated spot ether ETF approvals, central bank rate cuts, regulatory changes, layer 2 solutions, and DeFi activity.
- Retail Adoption: Previous halving events have driven cryptocurrency adoption, particularly retail adoption, as measured by the growth in active bitcoin addresses.
- Bitcoin Halving Impact: The quadrennial reward halving slows the growth rate of bitcoin supply and is expected to occur around April 19-20, potentially influencing the wider crypto space positively.
Analyst Views on BTC
Wall Street analysts forecast BTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
