Giant German Bank Berenberg: Bitcoin Halving Will Bring Bulls For MicroStrategy!

German banking giant Berenberg suggested that with the Bitcoin (BTC) halving, there may be significant increases in Microstrategy (MSTR) shares.
In a research report presented by Berenberg analysts, it was mentioned that the Bitcoin halving process will also reflect positively on Microstrategy shares. In the report, a price target of $ 430 was given for the shares of Microstrategy, which holds more than 150,000 BTC.
Pointing to the price movements before and after the previous halving, analysts stated that the halving process, which is expected to take place in 2024, may initiate the bull market for Microstrategy shares.
History may repeat itself with halving
The Berenberg front emphasized that they believe that the historical rise pattern will repeat before and after the halving. While drawing a roadmap with the data obtained from the past 3 halvings, it was stated that the pre-halving rise could begin 4 months later, like November:
If the historical pattern created by the first three Bitcoin halvings is repeated with the fourth halving, the pre-halving rally will start about four months from now. If a rally takes place after the fourth halving and this rally lasts as long as the rises after the last few halvings, it can continue until October 2025. We believe MicroStrategy shares are likely to rise along with it. The correlation between the Bitcoin price and the company's share price is approximately 0.90.
In addition, it was suggested that the scarce and planned structure in Bitcoin supply increased the potential of the bull run that could start with the halving in 2024.
According to data provided by Nicehash, the next Bitcoin halving will take place on April 9, 2024 and block rewards will decrease from 6.25 BTC to 3,125 BTC.
On the other hand, referring to a recent statement by BlackRock CEO Larry Fink, analysts pointed to the importance of world giants making support statements for Bitcoin.
According to Nasdaq data, MicroStrategy shares have increased by 153% since the beginning of the year, reaching $407 from $160.
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