Bitcoin Price Prediction: $200,000 by 2025, Says Bernstein
Bitcoin is making headlines once again as analytic firm Bernstein predicts that the cryptocurrency could reach a value of $200,000 by 2025. This forecast is an increase from their previous prediction of $150,000 and comes on the heels of Spot Bitcoin ETF products being approved earlier this year.
According to Bernstein, BTC ETFs are expected to make up almost 7% of the entire Bitcoin supply by the end of next year. Despite recent market fluctuations, Bitcoin is currently trading at over $65,000 and has been a hot topic in the finance sector since the approval of Spot ETFs.
Analysts believe that ETFs will continue to be a game-changer for Bitcoin in the coming year, with the potential for major wirehouses and large private bank platforms to approve them in the third and fourth quarters. The firm estimates that $15 billion in net inflows have already been brought in by BTC ETFs, with issuing firms expected to reach $190 billion in assets under management in the next year and potentially $3 trillion by 2033.
With Bitcoin’s value expected to surge in the coming years, investors and enthusiasts alike are keeping a close eye on the cryptocurrency market as it continues to evolve and grow.
