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News - Bitcoin at $200,000 by the end of 2025?
Since 2021, Bitcoin investors have been hoping for a price of $100,000, but asset manager Bernstein is adding another 100 percent, predicting Bitcoin could be at $200,000 by the end of 2025.
Bernstein analysts not only estimate that Bitcoin will reach this level, but even call it a "conservative" estimate. "Given increasing institutional acceptance, we expect Bitcoin to triple from this point and reach a cycle high of $200,000 by the end of 2025," according to the analysis. In an earlier analysis, Bernstein estimated Bitcoin's cycle high at $150,000 by 2025.
Legendary Research Broker Bernstein Has Just Published One of its Famed "Black Books" on #Bitcoin!
— matthew sigel, recovering CFA (@matthew_sigel) October 23, 2024
160 Pages Explaining Why BTC Will Hit $200k by the end of 2025 and How Listed #Bitcoin Miners Will Continue to Consolidate the Industry. @gautamchhugani 👏 pic.twitter.com/lDnAvWeYIe
In particular, the introduction of spot ETFs is predicted to drive Bitcoin price growth, as seen earlier. Although BTC exchange products attracted more than $2 billion in investments last week, we saw a reversal on Oct. 22 with net outflows of nearly $80 million. Nonetheless, the performance of the 11 ETFs remains impressive; since trading began in January, the likes of BlackRock and other major players have bought up $21.4 billion worth of Bitcoin.
