Rally

Bitcoin

Impact

April

<html>
 <head></head>
 <body>
 Berenberg Capital Markets expects the block reward halving of <a href="https://en.coin-turk.com/crypto-analyst-anticipates-record-breaking-surge-for-bitcoin-by-year-end/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>, expected to take place in the first half of 2024, to have a significant impact on the shares of MicroStrategy (MSTR), a US-based software company that has been regularly buying <a href="https://en.coin-turk.com/key-developments-of-the-week-in-cryptocurrencies/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> for about three years. 
 <h2 style="text-align: justify" id="strong-bitcoin-s-block-reward-halving-could-skyrocket-microstrategy-shares-strong">Bitcoin’s Block Reward Halving Could Skyrocket MicroStrategy Shares</h2> 
 Berenberg Capital Markets fundamentally points to the approaching Bitcoin block reward halving as the basis of their significant bullish expectations for Michael Saylor’s MicroStrategy. 
 The company, which set a bullish target of 430 dollars for Virginia-based MicroStrategy, in their research note shared that the company’s market value primarily comes from the over 150,000 BTC it holds on its balance sheet, and they expect the significant Bitcoin rally anticipated after the block reward halving to have a serious impact on the company’s shares. 
 <img decoding="async" class="aligncenter size-full wp-image-236152" src="https://coin-turk.com/wp-content/uploads/2023/07/MicroStrategy-Bitcoin-BTC.png" alt="" width="2178" height="998"> 
 As known, block reward halving (halving) means the reward amount (coin/token amount) given per block to miners is reduced by 50 percent, effectively slowing down the entry speed of new coin/token into the market. Bitcoin’s fourth block reward halving is expected to occur on April 26, 2024. 
 <h2 style="text-align: justify" id="strong-bitcoin-block-reward-halving-rally-could-start-4-months-later-strong">Bitcoin Block Reward Halving Rally Could Start 4 Months Later</h2> 
 Berenberg Capital Markets noted, “If the historical model created by the first three Bitcoin block reward halvings continues with the fourth block reward halving, it means the rally before the block reward halving will start approximately four months later. If a rally occurs after the fourth block reward halving and this rally lasts as long as the rallies after the last few block reward halvings, it will continue until around October 2025.” 
 The company added, “If the fourth Bitcoin block reward halving triggers a strong rally in the Bitcoin price similar to those seen before and after the first three halvings, we believe it is likely that MSTR shares will also rise in tandem. This is because the correlation between the company’s share price and the Bitcoin price is approximately positive 0.90.” 
 According to price data, MicroStrategy shares have risen over 181% since the beginning of the year. 
 The post <a rel="noopener noreferrer nofollow" href="https://en.coin-turk.com/bitcoin-block-reward-halving-expected-to-impact-microstrategy-shares-significantly/" data-wpel-link="internal">Bitcoin Block Reward Halving Expected to Impact MicroStrategy Shares Significantly</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.
 </body>
</html>

Bitcoin Block Reward Halving Expected to Impact MicroStrategy Shares Significantly

Table of Contents

COINTURK NEWS

Other articles published on Jul 11, 2023

Legal expert criticizes SEC’s treatment of Bittrex and calls for clear crypto regulations

DigiToads, Revv, The SandBox: 3 Metaverse Projects To Watch in H2 2023

Why Epic Cash is Regulator Friendly

Arbitrum Network-based Rodeo Finance Loses $888,000 in DeFi Exploit

Altcoins Outperforming Bitcoin; Here’s What You Can Expect from LTC, SOL, and BNB Prices!

Victory in Geneva! The Right to Digital Integrity incorporated into the constitution

Join our free newsletter for daily crypto updates!