Bernstein: Trump's crypto commitment and institutional demand will drive Bitcoin to $200,000 next year

2024-11-18 19:37:00

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ChainCatcher news, according to The Block, a report released by Bernstein on Monday analyzed the upcoming key catalysts for Bitcoin that could drive its price to reach its cyclical target of $200,000 by 2025. The catalysts mainly include: Bitcoin strategic reserves, commitments to crypto regulation, and demand for Bitcoin ETFs and MicroStrategy.

The report states, "The Trump election trade is over. However, the new era of crypto regulation has yet to be reflected in prices. Investors should continue to hold Bitcoin-related assets for at least 12-18 months.

As most institutional investors are re-evaluating their anti-crypto positions, we have a long journey ahead to make new structural allocations for this market. If you are bullish, we expect you will be on the right side of Bitcoin's history."

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