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Cryptocurrency News Articles
Bernstein Analysts See Bitcoin (BTC) Hitting $100K Soon, Targeting $200K by 2025
Nov 18, 2024 at 10:53 pm
In a compelling endorsement of Bitcoin BTC/USD, Bernstein analysts assert that being long on the leading cryptocurrency aligns investors with what they
Bitcoin Price Target Raised To $200,000 By Bernstein In A Resounding BTC Endorsement
Bitcoin BTC/USD has recently touched new highs, and Bernstein analysts are now aiming even higher for the world’s largest cryptocurrency.
In their latest report, the analysts reiterated their bullish outlook on Bitcoin, raising their previous price target of $200,000 by 2025. They now believe that this milestone could be reached much sooner.
Bitcoin To $100,000 'Around The Corner'
The report highlights several key catalysts that are propelling Bitcoin’s bullish trajectory, including:
- Regulatory clarity and Bitcoin ETF inflows are setting the stage for a U.S. Bitcoin reserve
- A shift toward crypto-friendly policies under the Trump administration is further strengthening the case for Bitcoin’s dominance
- The SEC chair and Treasury position are expected to be filled by pro-crypto candidates, which will create a positive environment for the market
Highlighting theっけなshift in Bitcoin adoption, the analysts noted that what began as a largely retail-driven market is now being led by institutions, corporates and potentially sovereign entities.
“The next Bitcoin cycle will be sovereign-led, with nation states recognizing Bitcoin as a strategic asset. The political winds of change are favoring candidates that prefer crypto deregulation and oppose surveillance from central bank digital currencies,” the analysts added.
Highlighting the importance of Bitcoin ETFs in driving demand, the report adds that they have now accumulated $92 billion in assets under management. Weekly inflows are averaging $1.7 billion, underscoring the increasing institutional appetite.
Bernstein also pointed to MicroStrategy’s $42 billion fundraising effort over three years as another major source of Bitcoin demand, reflecting a long-term bullish sentiment.
“If you are long, we expect you will be on the right side of Bitcoin history,” the report stated.
This is not a short-term trade but a structural allocation opportunity with horizons of 12-18 months or more, the analysts added.
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- Tron inventor Justin Sun predicts that the TRX Coin price will rise to $ 20
- Nov 19, 2024 at 03:25 am
- Meanwhile, TRX Coin has been trading below its all-time high for seven years. However, some analysts expect a major breakout. A $ 20 TRX will bring the asset to a value of over $ 1.7 trillion. Thus, it will position Tron as a potential trillion-dollar altcoin.
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- Uncover the Hidden Gems of Cryptocurrency: 3 Altcoins Priced Under a Dollar That Could Surge by 10,000% by Late 2024
- Nov 19, 2024 at 03:20 am
- It’s time to consider options beyond the leading cryptocurrencies. While Bitcoin and Ethereum capture most attention, some lesser-known coins are showing remarkable promise.
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- Yeti Ouro (YETIO) Presale Gains Momentum as Investors Target New and Established Projects
- Nov 19, 2024 at 03:20 am
- Investors are buzzing around the cryptocurrency market as they now focus their attention on emerging and well-known projects. Despite being a newcomer in the P2E space, Yeti Ouro (YETIO) has seen its presale raise over $450,000, built on the anticipation around its upcoming play-to-earn game Yeti Go.