Latest from Will Canny
Bitcoin April 2024 Forecast Raised to $56.6K: Berenberg
The bank lifted its MicroStrategy price target to $510, representing 24% potential upside, the report said.
MicroStrategy Only Needs to Liquidate Bitcoin in Extreme Price Corrections: Bernstein
A more robust bitcoin price means the company has a stronger balance sheet, a higher share price and easier debt repayment without the need to sell down its cryptocurrency holdings, the report said.
SEC Approval of Spot Bitcoin ETF Is Unlikely to Be a Game Changer for Crypto Markets: JPMorgan
Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said.
Bitcoin Mining Is a Game of Survival, Consolidation and Potential AI Diversification: Bernstein
Mining stocks have been resurgent this year due to improving sentiment from institutional ETF filings and potential revenue diversification into high-performance computing and AI, the report said.
Bitcoin, Ether Supply on Exchanges Fell in June: Goldman Sachs
Still, bitcoin miners’ inventory sales climbed to a record as they took advantage of the cryptocurrency’s strong performance, the report said.
Probability for U.S. Approval of a Spot Bitcoin ETF Is Fairly High: Bernstein
The lack of a spot ETF leads to the growth of over-the-counter products like the Grayscale Bitcoin Trust, which are more expensive, illiquid and inefficient, the report said.
Investor Enthusiasm for Coinbase Shares May Prove Short-Lived: Berenberg
The crypto exchange is faced with several risks that could trigger a reversal of the stock’s recent gains, the report said.
Tokenization Is Likely to Transform Infrastructure and Financial Markets: Bank of America
Implementation of blockchain technology will accelerate as the opportunity cost of uncaptured efficiencies increases, the report said.
Bitcoin Bulls Getting Ready for Seasonal Surge: Matrixport
The largest cryptocurrency by market cap tends to rally in the month of July, the report said.
U.S. Has Room for a Compliant Crypto ETF to Grow Market Share as a Bitcoin On-Ramp: Bernstein
Grayscale earns around $380 million in annualized fees despite its GBTC product being inefficient, illiquid and trading at a discount, the report said.
