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Reading: Is There Government Demand for Bitcoin? Stunning Prediction from Bernstein!
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EdaFace Newsfeed > Latest News > Bitcoin and BTC > Is There Government Demand for Bitcoin? Stunning Prediction from Bernstein!
Bitcoin and BTC

Is There Government Demand for Bitcoin? Stunning Prediction from Bernstein!

vitalclick
Last updated: November 18, 2024 2:29 pm
3 months ago
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Bitcoin $91,963As the price of (BTC) approaches a new peak, research and brokerage company Bernstein predicts that the largest cryptocurrency can reach $ 200 thousand by 2025. Analysts listed the catalysts that could enable this goal to be achieved. “Bitcoin is on the verge of reaching $100,000. “Our target of 200 thousand dollars by the end of 2025 is no longer a dream,” said the analyst. Gautam Chhugani The team under his leadership reminded that they have set this target since 66 thousand dollars. It is believed that political developments, especially in the USA, will pave the way for Bitcoin.

Political and Regulatory Support for Bitcoin Grows in ImportanceDemand for Bitcoin ETFs Is Rapidly Growing

Political and Regulatory Support for Bitcoin Grows in Importance

Donald TrumpWith the re-election of President, pro-Bitcoin policies came to the fore in the USA. SEC Chairman Gary GenslerIt is thought that the name to be appointed to replace him will be pro-cryptocurrency. There is also a race between Scott Bessent and Bitcoin supporter Howard Lutnick for the Treasury Secretary nomination. Lutnick’s Elon Musk And Robert F. Kennedy Jr.His chances increase with the support he receives from.

Senator Cynthia LummisThe BITCOIN Law draft presented by is another important development. The bill includes the USA creating a national Bitcoin reserve and taking 5 percent of the total supply. These steps show that demand for Bitcoin may rise to the state level. According to Bernstein analysts, the next cycle will be shaped under the leadership of sovereign states.

Demand for Bitcoin ETFs Is Rapidly Growing

in the USA spot Bitcoin ETFThe demand for ‘s has reached a management level of 92 billion dollars. Weekly net inflows of $1.7 billion are observed. At the same time MicroStrategyplans to purchase $42 billion worth of Bitcoin in three years. Founder of the company Michael Saylorstated that this process could be accelerated. Miners’ stockpiling of Bitcoin also reduces selling pressure.

Bernstein stated that Bitcoin does not reflect the new regulatory era. “For long-term investors, Bitcoin is making history that will be on the right side. 12-18 months older at most cryptocurrency“We recommend sticking with either,” said Chhugani, emphasizing that institutional investors are re-evaluating their attitude towards crypto.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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