Although Bitcoin’s price has been increasing lately, the approval of spot Bitcoin ETFs has resulted in a rollercoaster ride for Bitcoin mining stocks, and this has led to a temporary decline in investor interest and the BTC price.
Nonetheless, a recent research report by Bernstein, a blockchain-based digital record-keeping platform, suggests that this downturn could present a unique opportunity for shrewd investors.
According to the report, the next few months may provide an ideal time to consider mining stocks, potentially offering higher returns compared to Bitcoin itself. The report also forecasts a temporary weakening of the Bitcoin price with a potential short-term bottom projected in the $38,000-$42,000 range, and recommends taking a long-term approach in anticipation of the next halving event in April.
In addition, Bernstein’s report highlights a positive outlook on the miners, specifically recommending companies such as Riot Platforms (RIOT) and CleanSpark (CLSK) for those seeking exposure to the Bitcoin market.
