Analysts at Bernstein predict Bitcoin price to hit $200,000 by 2025 and $1 million by 2033.
Analysts at research and brokerage firm Bernstein predict that Bitcoin (BTC) could reach nearly $200,000 by the end of next year, following strong inflows into spot U.S. Bitcoin exchange-traded funds (ETFs) since their approval in January. This prediction is an upward revision from their previous target of $150,000.
The analysts based this prediction on the assumption that spot Bitcoin ETFs may represent around 7% of the total circulating Bitcoin supply by the end of 2025.
“We see Bitcoin ETFs as on the cusp of approvals at major wirehouses/large private bank platforms in Q3/Q4,” Bernstein analysts Gautam Chhugani and Mahika Sapra wrote in a note to clients.
