Bernstein’s analysts have confirmed their earlier statements. Bitcoin predictionIn addition, the crypto has more chances to reach $150,000 before 2025.
Bitcoin $150,000 Price Forecast Grows Stronger
Gautam Chhugani (left) and Mahika Spra (right) wrote to clients in Bernstein on Monday, saying they had become more certain that Bitcoin would reach new heights of $150,000 or higher by the middle of 2025. Analysts’ statements are a repetition of previous ones. earlier Bitcoin forecast In November 2023 they forecasted that the Bitcoin price would surge to $15,000.
Bitcoins were popular at the time. trading around a price of $35,000Analysts estimate that BTC is worth five times more than the current price. BTC has recently seen a remarkable increase in price. surges to new all time highs Above $71,000 and possibly continuing its upward momentumBernstein’s analysts forecast appears more plausible.
The private wealth firm has revealed several factors which could lead to BTC’s upward momentum. The success of and the surge in demand for Spot Bitcoin Exchange Traded Funds (ETF)The company stated that the large amount of money flowing into Bitcoin Spot ETFs would significantly increase the value of BTC.
“We estimated $10 billion inflows for 2024 and another $60 billion for 2025. In the last 40 trading days since the ETF launch on Jan 10, Bitcoin ETF inflows have crossed $9.5 billion already,” Bernstein Analysts wrote.
Share the wealth sentiment Bernstein analysts, unlike most of the crypto-analysts in the market believe that there is a future for cryptocurrency. price of BTC Could experience something new “break out” After the halving event in April 2024. According to CoinMarketCap, at the time this article was written, cryptocurrency trades for $68,218, a price that has experienced a small correction of 6.96% over the last 24 hours.
Miners To Become Top Beneficiaries Of BTC Surge
Bernstein’s analysts have highlighted the importance of investing in Bitcoin miners BTC could serve as the most accurate equity measure. BTC Miners usually outperform in the short term, according to their analysis. BTC bullish cycles When the market is bearish, stocks tend to underperform.
Bernstein analyst expects that the institutional interest in Bitcoin-related equities will peak over as Bitcoin rockets rapidly to new highs of $71,000. BTC miners becoming one of the largest beneficiaries. Although many analysts predicted that the next Bitcoin halving Could potentially become a death sentence to small mining companies Bernstein analysts reveal that for solo miners and BTC’s rising price, the higher transaction fees and BTC’s increasing value could act as a kind of cushion during the half-off period.
BTC Price at $67.700 | Source: BTCUSD on Tradingview.com
Chart from Tradingview.com, image by CryptoSlate
Disclaimer article This information is only for educational purposes. NewsBTC does not give its opinion on the best way to invest, whether you should buy, hold or sell any investment. Investing is risky and comes with risks. We recommend that you do your research. own Do your research before you make any investments. You are solely responsible for the use of information on this site. own risk.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: www.newsbtc.com