NY investment bank says ‘crypto winter is over,’ bullish outlook for Coinbase
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Analysts from the prominent New York-based investment bank H.C. Wainwright have declared an end to “crypto winter.”
The bank has initiated its coverage of U.S. crypto exchange Coinbase with a “buy” rating, saying that the company stands to benefit from the growing cryptocurrency industry around the globe.
In an April 26
Wainwright analysts aren’t alone in believing that the end of crypto winter has arrived. In an interview with Cointelegraph, veteran crypto trader Phillip Swift reiterated his view that the bear market has come to a close. However, the price of Bitcoin could return to “as low as $20,000” before the next bull cycle kicks off, he said.
Ultimately, however, Swift claims that the halving narrative will gather steam in the latter half of this year “which should increase buy pressure.”
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