Crypto:
30604
Bitcoin:
$61.444
% 2.85
BTC Dominance:
%53.6
% 0.35
Market Cap:
$2.21 T
% 1.97
Fear & Greed:
33 / 100
Bitcoin:
$ 61.444
BTC Dominance:
% 53.6
Market Cap:
$2.21 T

Bernstein Raises Bitcoin Price Target for 2025 by 33% to $200,000

Bitcoin, Downtrend

Asset management firm Bernstein has raised its price target for Bitcoin (BTC) by 33%.

Bernstein analysts raised their price target for Bitcoin to $200,000 by the end of 2025 from $150,000. In their explanation, they stated that Spot Bitcoin ETFs have successfully attracted money from traditional finance and that this will continue.

It is predicted that the spot Bitcoin ETF volume will be equivalent to 15% of the Bitcoin supply by 2033

We believe that US-regulated ETFs are a turning point for crypto, bringing structural demand from traditional capital pools. Net new inflows of approximately $15 billion have been provided from the total of ETFs. We expect Bitcoin ETFs to be equivalent to approximately 7% of the circulating Bitcoin by 2025 and 15% of the Bitcoin supply by 2033.

They also raised MicroStrategy estimates

Analysts also suggested that MicroStrategy shares could outperform by targeting a price of $2,890.

The report states that MicroStrategy’s long-term convertible debt strategy means it has enough time to benefit from Bitcoin’s potential upside and has limited liquidation risk to Bitcoin on its balance sheet.

However, it was also stated that MicroStrategy currently owns 1.1% of the Bitcoin supply with a market capitalization of approximately $14.5 billion and has transformed itself from a small software company in four years.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our TelegramYouTube  and Twitter channels for the latest news and updates.

Rate this post
READ:  Can Friend.Tech Project Be Fake?

Leave a Reply

Your email address will not be published. Required fields are marked *