Bloomberg recently published a report on the latest Bloomberg reportThe market value for crypto assets has been projected to nearly triple by 2025 to reach $7.5 trillion.
Wall Street Firms Predicts “Monster Of A Crypto Cycle”
You can also find out more about the following: next In the next few years, we are most likely to see a “monster of a crypto cycle,” Bernstein, a Wall Street-based research company. Bernstein’s analysts also have an “outperform” Rating on the stock when they first cover online brokerage Robinhood Markets.
Gautam Chhugani, an analyst at Gautam Chhugani says that investors can take advantage of this opportunity by riding the wave. “crypto comeback arc,” Imagine a “ninefold increase” Robinhood Crypto trading volume Over the years, there have been many attempts to improve on what is already available. next Two years.
Chhugani has expressed confidence in Robinhood’s prospectsChhugani’s price target of $30 is currently the highest among analysts tracked by Bloomberg. Chhugani, who has set the price of the stock at $30, is the most ambitious analyst tracked by Bloomberg.
After the release of February’s positive operating data which showed an increase in assets held under custody as well as increased trade volumes, Robinhood stocks surged up to 12% during New York trading. This was the biggest intraday gain since December 2021.
The stock is up over 40% so far in 2018. Wall Street, however, remains cautious. outlookSix analysts rated the stock as being a “buy”, ten suggested a “hold”, and three recommended selling.
Bitcoin is expected to grow from $2.6 trillion in crypto assets to $7.5 trillion by 2025. Chhugani believes that this growth will be driven by the “unprecedented success” Exchange-traded Funds (ETFs), which are tied to cryptocurrency.
Chhugani has also predicted that Bitcoin could reach a peak of $150.000 next year. He stressed the institutional adoption and expectations of continued success for the Bitcoin ETF as well as the possible launch of an Ethereum ETF within the next 12 months.
The Future of Robin Hood
Chhugani emphasized the importance of Robinhood in the context. “full suite crypto offering within a regulated broker platform,” This is a positive factor. Bloomberg points out that Charles Schwab Corp. is one of the traditional brokerage platforms who have been more reluctant to offer cryptocurrency services.
Chhugani summarized his bullish position by saying:
Shortly, we’re bullish on cryptocurrency and think Robinhood’s crypto-business renaissance will bring back its fortunes among investors.
Market observers have taken note of Robinhood’s optimistic crypto-business outlook and projected growth in the cryptocurrency market. The increasing popularity of cryptocurrency has attracted the attention of market observers. mainstream acceptance Adoption of digital assets in institutions next The next couple of years will be a time when investors and the stock market can expect to see significant growth.
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