Bitcoin Forecast of $200,000 by 2025 Considered Conservative by Analysts
Analysts at Bernstein have reiterated their $200,000 Bitcoin price forecast for the end of 2025, describing it as “conservative.”
He suggested that investors interested in gold might find Bitcoin even more attractive.
For those hesitant to invest directly, Chhugani recommended shares of MicroStrategy, which has significant Bitcoin holdings, and Robinhood, which is enhancing its crypto services.
He also highlighted U.S.-listed firms like Riot Platforms and CleanSpark for their power resources for Bitcoin mining and AI companies like Core Scientific, which leverage energy for both AI hosting and Bitcoin mining.
READ MORE:
Tesla Still Holds $776 Million in Bitcoin, No Sales MadeThe analysts also noted Core Scientific’s undervaluation after a $2 billion hosting extension with CoreWeave, which boosted its capacity significantly. They have given the company an “outperform” rating with a price target of $17, as its stock has risen by 147% this year.
Chhugani holds long positions in various cryptocurrencies, while Bernstein may receive benefits from its investment banking relationships with MicroStrategy and acts as a market maker in Riot Platforms’ debt securities.
Source
