• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: Bernstein Analyst Predict BTC To Hit $200K BY 2025
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Crypto News > Bernstein Analyst Predict BTC To Hit $200K BY 2025
Crypto News

Bernstein Analyst Predict BTC To Hit $200K BY 2025

vitalclick
Last updated: October 23, 2024 2:32 pm
5 months ago
Share
SHARE

Contents
Bitcoin To Hit $200K BY 2025 EndStrong Interest in Bitcoin ETFsLooking Ahead For Bitcoin

The largest cryptocurrency by market cap Bitcoin is struggling to gain momentum despite growing institutional and retail demand. Meanwhile, Bernstein, a well-known research and brokerage firm predicted that the cryptocurrency could reach $200,000 by the end of 2025 on the back of the surge in institutional interest, particularly through ETFs.

Bitcoin To Hit $200K BY 2025 End

While, Bitcoin’s price recently fell below $67,000 after a 9.8% rise last week that brought it close to $70,000. Despite this small drop, analysts at Bernstein believe that Bitcoin could reach $200,000 by the end of 2025. They say this prediction is “conservative,” especially given the current high levels of U.S. debt.

Meanwhile, Gautam Chhugani, who leads digital assets at Bernstein, notes that Bitcoin’s limited supply makes it valuable. In a recent message to clients, he urged those skeptical about Bitcoin to reconsider its worth. With U.S. debt reaching $35 trillion and inflation still a concern, he suggests that if investors like gold as a safe asset, they should also be excited about Bitcoin.

For those who may not want to invest directly in Bitcoin, Bernstein suggests looking into stocks of companies like MicroStrategy and Robinhood. MicroStrategy holds a lot of Bitcoin in its treasury, while Robinhood is expanding its cryptocurrency services, giving investors more options.

Strong Interest in Bitcoin ETFs

Bernstein also points out a growing trend among big investors. They report that global asset managers have increased their investments in Bitcoin and Ethereum exchange-traded funds (ETFs) to nearly $60 billion in 2024. This is a big jump from just $12 billion in September 2023. 

Meanwhile, the firm calls the launch of Bitcoin ETFs a major success, with $18.5 billion coming in since they started in January. These ETFs are making it easier for large investors to enter the cryptocurrency market. 

Looking Ahead For Bitcoin

Looking ahead, Bernstein is hopeful about Bitcoin’s future. They expect that with more institutional interest, Bitcoin could reach $200,000 by 2025. This optimism comes as Bitcoin has already risen by 120% in the past year, with a market cap now over $1.3 trillion.

The report also mentions that as the cryptocurrency market grows, major financial institutions may take a bigger role. By 2024, they could even hold more Bitcoin than its original creator, Satoshi Nakamoto. 

You Might Also Like

Cardano Founder Charles Hoskinson Destroys 900 Billion ‘Charles’ Tokens in Live Burn

What’s Next for Bitcoin, Ethereum And Solana Price? BTC Eyes $70k Levels

Breakout Alert! Tron (TRX) Poised for 30% Rally

Day 3 of the Breakout Series! Latest Situation in Spot Bitcoin ETFs

UK Treasury Excludes Crypto Staking is Not a Collective Investment Scheme

TAGGED:CryptoNews
Share This Article
Facebook Twitter Email Print
Previous Article Analyst Announced Current Targets of ETH and MASA Coin, How Many Dollars Will BTC Drop?
Next Article Will Cardano (ADA) Price Hold Its Support Or Record A Crash?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?