Senior Analyst from Alliance Bernstein Recommends Buying Bitcoins
Date: 2024-01-17 Author: Dima Zakharov Categories: BUSINESS
Cryptocurrency enthusiasts and investors have received some exciting news as a senior analyst at Alliance Bernstein, Gautam Chhugani, has issued a strong recommendation to consider acquiring bitcoins. Alliance Bernstein, a firm overseeing a staggering $646 billion in client assets, holds considerable sway in the investment world, making Chhugani's advice noteworthy.
Chhugani advises all investors to seriously consider purchasing bitcoins, especially after a correction in the coin's price. He emphasizes the potential for a new wave of Bitcoin popularity, suggesting that a slight drop in its price can open up substantial opportunities. According to Chhugani, the anticipated asymmetrical growth in Bitcoin's value is a compelling reason to invest.
Renowned cryptocurrency expert PlanB, known for his Stock-to-Flow model, echoes Chhugani's sentiments and predicts a significant increase in Bitcoin's price in 2024. However, he does not expect a rapid surge in value this year, foreseeing the start of a bullish rally in 2025, during which Bitcoin's price is expected to surpass $100,000.
PlanB's published chart indicates that the period of Bitcoin accumulation in early 2024 will conclude, leading to a gradual increase in its price. Despite this positive outlook, he acknowledges the possibility of price fluctuations and believes that Bitcoin could be valued at over $32,000 during the upcoming halving event scheduled for April. Investors are closely watching these developments as they consider their cryptocurrency investment strategies.
