Asset management company AllianceBernstein recently released a report stating that there are several catalysts for a bullish outlook on Bitcoin this year, including the halving of mining rewards and the introduction of spot ETFs. It is expected that Bitcoin will reach a new all-time high in the second half of the year after the halving and could potentially reach $80,000 by the end of the year.
According to the report, the approval of Bitcoin spot ETFs is expected to usher in a new era of cryptocurrency, with unprecedented acceptance from mainstream institutions, leading to capital flowing from traditional markets to the cryptocurrency market.
The report also points out that the world is currently in a favorable macroeconomic situation, with this year being a crucial election year globally. Interest rates are expected to peak and inflation is expected to decrease, with central banks potentially implementing monetary stimulus measures. There is no reason to remain cautious, and the company holds an optimistic view on Bitcoin and Bitcoin mining stocks.
Analysts predict that top asset management companies worldwide will receive approval to launch Bitcoin ETFs this week or next week. Despite the risk of “buy the rumor, sell the news,” the report believes that there are still several bullish factors for Bitcoin throughout the year, including the halving of mining rewards, a turning point in transaction fees, and ETF marketing.
AllianceBernstein believes that one of the potential factors for the rising price of Bitcoin this year and next year may be the demand from corporations exceeding expectations. Additionally, analysts predict that besides Bitcoin, Ethereum will be the only asset approved for the issuance of spot ETFs. With its growing transaction fee revenue, scalability roadmap, and sustainable token model, Ethereum will be a major blockchain technology asset.
(Source: 
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