Bitcoin Price Prediction as Bernstein Says Bitcoin Could Hit $150,000 by 2025 – Best Time to Buy BTC?
In a financial landscape where certainty is a rare commodity, Bitcoin price, which has crossed over $35,000 mark, has once again captured the attention of the market.
Bernstein, a leading investment research firm, has projected a bold price target for the pioneering cryptocurrency, suggesting it could surge to a staggering $150,000 by 2025.
This prediction arrives at a time when Bitcoin has just sliced through the $35,000 barrier, bolstered by the Federal Reserve’s decision to keep interest rates unchanged.
Bernstein, a renowned financial analysis firm, projects that Bitcoin’s value could soar to $150,000 by 2025. This bullish prediction hinges on the anticipation that the U.S. Securities and Exchange Commission (SEC) will greenlight a Bitcoin exchange-traded fund (ETF) by early 2024.
Currently, Bitcoin hovers around the $34,000 mark, making this projection nearly fivefold the present value and surpassing its previous peak of over $67,000 in November 2021.
BREAKING: A #Bitcoin ETF in early Jan is now looking like a ‘done deal' – Bernstein Research pic.twitter.com/O1obxCRzMQ
— Bitcoin Archive (@BTC_Archive) October 31, 2023
Bernstein anticipates that, upon approval, the ETF could captivate approximately 10% of Bitcoin’s total supply, easing the way for mainstream investors to incorporate Bitcoin into their portfolios. Currently, a comparable entity, Grayscale’s Bitcoin Trust (GBTC), has approximately 3% of Bitcoin’s total supply under its belt.
These insights form part of a comprehensive report by Bernstein’s analyst Gautam Chhugani, who also sheds light on the anticipated Bitcoin “halving” in April 2024, which is expected to favor resilient Bitcoin miners.
Although Bitcoin recently touched the $35,000 mark, and there’s
Read more on cryptonews.com
