News

Dr. Jo­han­nes Mayr, Chef­volks­wirt bei Eyb & Wall­witz, hält drei Zins­schrit­te der EZB bis Jah­res­en­de für am­bi­tio­niert. Der In­fla­ti­ons­an­stieg sei ener­gie­ge­trie­ben, Kon­junk­tur­ri­si­ken näh­men zu. Ei­ne Ju­ni­-­Er­hö­hung sei mög­lich, aber we­ni­ger wahr­schein­lich. Für An­le­ger bleibt der Zin­s­aus­blick un­si­cher.

Zon­da­cryp­to steht unter pol­ni­scher Er­mitt­lung wegen Betrug/Geld­wä­sche; po­li­ti­sche Vor­wür­fe zu rus­si­schen Geld­ge­bern; offene Fragen zur Ver­wah­rung von Kun­den­gel­dern/Re­ser­ven und Trans­pa­renz im MiCA-Kontext.

BTC_EUR re­port: price €82.5k; 12-­month tar­get €122k based on rising share of gold’s ~$28.4T mar­ket and ETF ad­op­tion. Key drivers: ETF flows, post-halv­ing scarcity, sol­id net­work health. Risks: ETF out­flows, macro, fees, reg­u­la­tion.

BTC_EUR ini­ti­ation. Base case: ETF net in­flows ex­ceed post-halv­ing is­su­ance value, sup­port­ing +20–40% 12-­month move. Tar­get €120k vs €89k spot. Key risks: ETF out­flows, reg­u­la­tion, fee com­pres­sion. Mon­it­or fees, tx/day, hashrate. Sources cited through­out.

BTC_EUR ini­ti­ation: €92.3k spot, €115k 12-m tar­get on ET­F-driv­en de­mand vs shrink­ing is­su­ance, im­prov­ing EU reg­u­la­tion, strong se­cur­ity met­rics. Key risks in­clude ETF out­flows, reg­u­lat­ory tight­en­ing and macro cor­rel­a­tion shifts.

Ini­ti­ate BTC_EUR at Buy with €145k 12-­month tar­get. Thes­is: struc­tur­al ETF de­mand, post-halv­ing scarcity, and clear­er EU rules. Tri­an­gu­late value via NVT and gold-­par­ity cross-checks. Key risks are reg­u­la­tion, en­ergy scru­tiny, ETF out­flows, and on-­chain volat­il­ity.

BTC_EUR snap­shot: price €91,030, 12-­month EV-­based tar­get €113,000. Thes­is leans on ETF de­mand, halv­ing-driv­en sup­ply, and im­prov­ing policy clar­ity. Key risks: ETF out­flows, macro shocks, MiCA im­ple­ment­a­tion fric­tions. Sources cited through­out. (CoinGecko)

BTC’s post-halv­ing sup­ply de­cline meets rising in­sti­tu­tion­al de­mand via US spot ET­Fs, against im­prov­ing EU reg­u­lat­ory clar­ity. We frame valu­ation with NVT and sup­ply ab­sorp­tion, anchored by strong hashrate, low fees and act­ive de­riv­at­ives.

Ini­ti­ation on BTC_EUR at Buy. 12-­month tar­get €125,000 vs €94,356 spot, based on ETF de­mand, post-halv­ing sup­ply at ~0.8%, and a gold share cross-check. Key risks in­clude ETF out­flows, MiCA im­ple­ment­a­tion, and en­ergy policy.

BTC_EUR: 12-mo PT €125k on MVRV ap­proach. Up­side ~31 per­cent vs €95k spot. Drivers: $157B US ETF base, post-halv­ing sup­ply, MiCA clar­ity. Risks: macro shocks, ETF out­flows, EU su­per­vi­sion shifts, ESG head­lines. Sources: Coin Met­rics, ECB, CoinGecko.

BTC_EUR: Tar­get €124k vs €96.2k spot. Thes­is rests on post-halv­ing scarcity, sus­tained ETF in­flows, and re­si­li­ent on-­chain met­rics. Valu­ation via real­ized-­cap mul­tiple with cross-checks. Key risks in­clude ETF out­flows, fee com­pres­sion, and policy shocks.

BTC_EUR ini­ti­ation. 12-­month tar­get €124k vs €98.1k spot, sup­por­ted by ETF de­mand, post-halv­ing scarcity, and macro hedging trends. Base mod­el uses real­ized-­cap mul­tiple. Key risks in­clude policy shifts, li­quid­ity shocks, and mar­ket-­struc­ture stress