Bernstein: Bitcoin is a value-adding asset that will replace gold in the next decade

ChainCatcher news, brokerage firm Bernstein predicts that in the next decade, Bitcoin will replace gold as the primary "store of value" and become an indispensable part of institutional and corporate finance. This prediction was made by analyst Gautam Chhugani in his report after Bitcoin's price surged to $100,000, achieving a 141% annual increase.

This significant growth is largely attributed to market expectations following the U.S. elections, where the Trump administration may introduce more cryptocurrency-friendly policies. The report further predicts that by the end of 2025, the price of Bitcoin could soar to $200,000. Meanwhile, D.A. Davidson's Gil Luria also believes that Bitcoin is an appreciating asset with a lower correlation to inflation, which is starkly different from gold. He points out that Bitcoin's value depends more on its level of acceptance rather than traditional economic indicators. However, he also acknowledges that for Bitcoin to truly become a mainstream medium of exchange and unit of account, it still needs to undergo a long development process.