Bitcoin mining economics are expected to stabilize and remain profitable by 2025, according to Canaccord.
Canaccord recommends MicroStrategy's stocks as an ideal way for investors to gain Bitcoin exposure, highlighting its intelligent leverage strategy.
Canaccord predicts a potential Bitcoin rally between now and April 2025.
Canaccord states that if bitcoin follows historical patterns post-halving, a rally could begin between now and April.
Brokerage firm Canaccord has given a 'buy' rating to Core Scientific, a major Bitcoin mining company, citing significant AI hosting prospects due to a new contract with CoreWeave.
The digital assets industry has transitioned from a post-FTX recovery to a growth phase over the past year, according to a Canaccord report.
Canaccord predicts Iris Energy will be a leading Bitcoin miner, increasing its share-price target from $12 to $15 due to impressive data center expansions and diverse applications like AI cloud services.
Canaccord analysts believe Bitcoin and Ethereum ETFs will significantly impact cryptocurrency prices.
The broker raised its Galaxy Digital price target to C$23 from C$17, while maintaining its buy rating.
MicroStrategy has amassed Bitcoin holdings worth $13.6 billion, equivalent to 1% of Bitcoin's total circulating supply, according to Canaccord.
Canaccord has cut its price target for Bitcoin miner Hut 8 to $14 from $17.50 but maintains a buy rating, reflecting a larger, more diversified business model after its merger with USBTC.
The report from Canaccord suggests a bullish period for bitcoin and crypto markets post-halving, based on historical trends.
