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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

Bernstein Analysts See Bitcoin (BTC) Hitting $100K Soon, Targeting $200K by 2025

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.

News source:www.benzinga.com

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