Bernstein: Conservative prediction that Bitcoin will reach $200,000 by the end of 2025

2024-10-23 20:36:59

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ChainCatcher news, analysts from the research and brokerage firm Bernstein claim that their current prediction of a $200,000 Bitcoin price by the end of 2025 is "conservative," and they urge skeptics to reconsider the limited supply of cryptocurrencies in an era of record-high U.S. debt levels. For investors who do not want to hold Bitcoin directly, the analyst suggests investing in MicroStrategy, the world's largest Bitcoin corporate holder, and Robinhood, which is continuing to expand its crypto services, as alternatives for indirect investment.

The analyst also highlighted the potential of U.S. publicly traded companies Riot Platforms and CleanSpark, which are integrating thousands of megawatts of power for Bitcoin mining, as well as AI-diversified companies like Core Scientific, which leverage the demand for AI hosting services, as they possess valuable power pipelines while still managing Bitcoin mining operations.

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