March 6, 2015 9:03 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Friday, UBS analyst Steven Milunovich estimated that
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
sold 66 million iPhone units during the March quarter, far above the consensus of 54 million. Milunovich added that he monitors Google Trend searches for "iPhone" and that global searches are up 21 percent year over year in January and February. The analyst stated that China was the "primary driver" with searches rising by 115 percent year over year and seven percent sequentially."We have heard anecdotally that Apple is of aspirational interest in China with some users dissatisfied with the experience of less expensive phones," Milunovich argued.Meanwhile, U.S. searches are flat year over year and down 26 percent sequentially, which is "reasonable," according to the analyst.The analyst raised his second quarter revenue estimates to $58.8 billion from $56.8 billion while also raising his earnings per share estimate to $2.36 from $2.24.Shares are Buy rated with a $150 price target.
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