Bitcoin Miner Shares Offer Good Entry Point Ahead of Halving Event: Bernstein
Bitcoin (BTC) mining companies appear to have bottomed out following the approval of spot bitcoin exchange-traded funds (ETFs) in the U.S. last month, and broker Bernstein advises buying its preferred stocks in the sector ahead of the next reward halving, it said in a research report Thursday. The world’s largest cryptocurrency has performed well ahead of the halving, in which the reward miners earn for their efforts is slashed by 50%, and will probably sustain momentum for the rest of the year, Bernstein said.
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