The post Bitcoin Price Could Hit $200,000 by 2025, Say Bernstein Analysts appeared on BitcoinEthereumNews.com.

Bernstein analysts have raised their Bitcoin price prediction from $150,000 to $200,000 by the end of 2025, driven by increased demand through ETFs and a reduced supply due to Bitcoin halving. Bernstein has also initiated coverage on MicroStrategy, assigning an outperform rating with a $2,890 price target by 2025. Bitcoin is garnering increasing interest from analysts, experts, and investors alike. Bernstein analysts, particularly bullish on this leading cryptocurrency, predict a significant price surge by next year. These optimistic forecasts are rooted in recent events that have significantly impacted the crypto industry. With rising demand and constrained supply, Bitcoin appears poised for a new bull cycle, per the Crypto News Flash report. Bernstein analysts have recently revised their Bitcoin price prediction, raising their target from $150,000 to $200,000 by the end of 2025. This upward revision is due to two primary factors: growing demand for Bitcoin via ETFs and the decreasing supply of the cryptocurrency. Major global asset managers, including BlackRock, Fidelity, and Franklin Templeton, are fueling this increased demand through their Bitcoin ETF funds. Bernstein analysts estimate that these ETFs could manage around $190 billion in assets under management by 2025, up from $60 billion today. Bernstein analysts Gautam Chhugani and Mahika Sapra wrote: We believe that U.S. regulated ETFs represented a watershed moment for crypto, driving structural demand from traditional capital pools. On the other hand, the recent halving event reduced the miner subsidy from 6.25 BTC to 3.125 BTC, cutting the daily new Bitcoin supply from 900 BTC to 450 BTC. This supply drop, combined with rising demand, will also serve as a significant catalyst for Bitcoin’s price increase. “We believe Bitcoin is entering a new bull cycle,” the analysts noted, highlighting the reduced selling pressure from miners as a key factor. Bernstein on MicroStrategy’s Bitcoin Strategy Bernstein…

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Filed under: News - @ June 18, 2024 11:20 am