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Bernstein: The prediction that Bitcoin's price will reach $200,000 by the end of 2025 is "conservative"

Bernstein: The prediction that Bitcoin's price will reach $200,000 by the end of 2025 is "conservative"

Bitget2024/10/23 13:03
BTC-0.58%

Analysts from the research and brokerage firm Bernstein claim that their current prediction of a Bitcoin price of $200,000 by the end of 2025 is "conservative," and urge skeptics to reconsider the limited supply of cryptocurrency in an era when U.S. debt levels are at record highs.

For investors who do not want to hold Bitcoin directly, the analyst suggests investing in MicroStrategy, the world's largest Bitcoin corporate fund holder, and Robinhood, which continues to expand its crypto services as alternative indirect investment options.

The analysts also highlighted the potential of US-listed companies Riot Platforms and CleanSpark. These companies are integrating terawatts of power for bitcoin mining, as well as diversified artificial intelligence companies like Core Scientific. They take advantage of demand for AI hosting services because they have valuable power pipelines while still managing bitcoin mining operations.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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