Bernstein joins the Bitcoin prediction at USD $1 million — and says how much is left – DiarioBitcoin
By Hannah Perez
The firm also raised its price projection for 2025 to a target of USD $200,000 from the USD $150,000 it had previously targeted. He was also incredibly bullish on MicroStrategy.
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- Bernstein Analysts Raise Their Bitcoin Price Target in 2025
- They anticipate that Bitcoin could reach USD $200,000 next year and USD $1 million in 2033
- They identified unprecedented demand for ETFs as a bullish price catalyst
- They are also bullish on MicroStrategy and expect the stock to continue rising
Analysts at the research and brokerage firm Bernstein They have joined bulls who anticipate that Bitcoin will eventually become a $1 million asset.
In a recent note to clients, which was picked up by multiple specialized news outlets, analysts at Bernstein updated their price prediction Bitcoin for 2025. In particular, they raised the price target to USD $200,000 from a previous projection that proposed a height of USD $150,000 for the main cryptocurrency next year.
The bullish thesis of the analysts is based on the idea of unprecedented demand for exchange-traded funds (ETFs) of Bitcoin cash and an offer of Bitcoin increasingly limited.
Bernsteinwho has long been optimistic about the prospects of Bitcoinhas not been the only one who has pointed towards ETFs as an upward price catalyst, arguing the change in the supply and demand dynamics that this type of products generates in the market. Bitcoin It has a limited supply of 21 million coins.
Bernstein increases your prediction for Bitcoin in 2025
Furthermore, analysts also agree with others who have emphasized that this type of regulated fund with direct exposure to Bitcoin is attracting qualified investors and institutions to cryptocurrencies at a rate never seen before.
“We believe US-regulated ETFs were the defining moment for cryptocurrencies that generated structural demand from traditional capital pools“wrote Gautam Chhugani and Mahika Sapra, as quoted The Block.
The ETFs combined have brought in around $15 billion of net new flows. We expect Bitcoin ETFs to be equivalent to approximately 7% of Bitcoin in circulation by 2025 and approximately 15% of Bitcoin supply by 2033.
The specialists mentioned the last halving of Bitcoin as a determining factor on the supply side. The reward of network miners Bitcoin was cut by 50% in April as part of a scheduled network event known as a halving. Analysts said that this event “presents a unique circumstance” for “exponential price movements“.
As a result, analysts they estimate that Bitcoin could reach a price of USD $500,000 by 2029, followed by a meteoric rise to $1 million per coin by 2033. This forecast places her alongside renowned figures such as Cathie Wood, Arthur Hayes, Jack Dorsey and others who also anticipate that BTC will cost USD $1 million.
He is also very optimistic about MicroStrategy
The analysts of Bernstein They also began coverage of MicroStrategy and were optimistic about their future.
They awarded the business intelligence company and corporate owner of bitcoins an outperform rating, pointing to a $2,890 share price by the end of 2025, nearly double its current price.
The actions of MicroStrategy (MSTR), which now holds 1.1% of the global supply of the world’s largest cryptocurrency, worth approximately $14.5 billion, have in recent years become a way for investors to gain indirect exposure to Bitcointhe analysts pointed out, according to the coverage.
Michael Saylor’s Companyhas become synonymous with the Bitcoin brand and has positioned MSTR as a leading Bitcoin company“, appearing as a “leveraged bitcoin active strategy vs. [ETF] cash liabilities“.
Bitcoin (BTC) changes hands around USD $67,000 at the time of publication, with a negative variation of 6% in the week and more than 50% so far this year. MSTR stock, for its part, surpasses these 2024 gains with a return of 121% at a price of $1,515 per share at the time of publication.
Article by Hannah Estefanía Pérez / DailyBitcoin
Picture of Unsplash
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