In support of their conclusions about the possible growth of the market value of the first by capitalization cryptocurrency Berenberg analysts cite the fact that bitcoin (BTC) became almost the only digital asset that the U.S. Securities and Exchange Commission (SEC) characterized as a commodity and not as a security.
Therefore, possible restrictions by the SEC and the provisions of the U.S. Securities Act will not affect the investment strategy of traders and holders of the asset.
In addition, Berenberg experts expect the value of bitcoin to rise significantly after the halving of 2024.
“Historically, bitcoin halving has been associated with a significant increase in the asset’s price.
We believe that the next event is no different from the previous one and can serve as a catalyst for growth in the value of the asset,” Berenberg Bank believes.
Now the market value of VTS varies at the level of $29,300. Market capitalization of the asset exceeded $567 billion.
During the last day, the exchange rate of VTS rose by 0.03%. Compared to the same period last week, the value of VTS rose by 7.52%.
Earlier, a popular analyst under the pseudonym PlanB, creator of the Stock-to-Flow model, told his subscribers that he expects bitcoin to rise significantly after the next halving in 2024.