The post Expecting a Rally in Bitcoin, Bernstein Analysts Increased Their Price Target! Announced Expectations for 2025, 2029 and 2033! appeared on BitcoinEthereumNews.com.

Research and brokerage firm Bernstein raised its price target for Bitcoin from $150,000 to $200,000 by the end of 2025. Bernstein, who raised his BTC 2025 year-end target to $200,000 in a recent report, stated that Bitcoin is in an unprecedented bull cycle. At this point, analysts expect the Bitcoin price to reach $500,000 by the end of 2029 in the longer term; He claimed that it could reach $1 million by 2033. Bernstein also noted that software developer MicroStrategy, Bitcoin’s largest institutional investor, will also outperform. Bernstein analysts Gautam Chhugani and Mahika Sapra pointed out that spot Bitcoin ETFs are a turning point for BTC and the crypto market, and said that their BTC predictions are based on increasing ETF demands and limited BTC supply: “We believe US-approved ETFs are a turning point for crypto, bringing structural demand from traditional pools of capital. In total, approximately $15 billion in net new flows were generated into ETFs. ETFs will be equivalent to approximately 7% of the circulating Bitcoin supply by 2025 and 15% of the Bitcoin supply by 2033. “At these rates, we expect the price to reach 200,000 dollars by the end of 2025 and 1 million dollars by 2033.” Analysts recently noted that MicroStrategy founder Michael Saylor has become synonymous with the Bitcoin brand, “positioning MSTR as a leading Bitcoin company attracting scale capital for an active Bitcoin acquisition strategy.” *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/expecting-a-rally-in-bitcoin-bernstein-analysts-increased-their-price-target-announced-expectations-for-2025-2029-and-2033/

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Filed under: News - @ June 15, 2024 6:20 am