{"id":18030,"date":"2024-10-23T17:54:31","date_gmt":"2024-10-23T14:54:31","guid":{"rendered":"https:\/\/forklog.com\/en\/bernsteins-200000-bitcoin-prediction-by-2025-deemed-conservative\/"},"modified":"2024-10-23T17:54:31","modified_gmt":"2024-10-23T14:54:31","slug":"bernsteins-200000-bitcoin-prediction-by-2025-deemed-conservative","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bernsteins-200000-bitcoin-prediction-by-2025-deemed-conservative\/","title":{"rendered":"Bernstein’s $200,000 Bitcoin Prediction by 2025 Deemed Conservative"},"content":{"rendered":"

Analysts at Bernstein have reiterated their forecast<\/a> for Bitcoin to reach $200,000 by the end of next year, describing it as “conservative.” This was reported by The Block<\/a>.<\/p>\n

\n

“Bitcoin will be worth $200,000 in this cycle (end of 2025). [\u2026] We are conservative,” stated Gautam Chhugani, head of digital assets at Bernstein, in a letter to clients.<\/p>\n<\/blockquote>\n

The expert highlighted the investment appeal of the leading cryptocurrency against the backdrop of rising U.S. national debt ($35 trillion) and the threat of inflation.<\/p>\n

\n

“If you like gold in this regard, you should love Bitcoin even more,” Chhugani emphasized, noting the cryptocurrency’s limited supply.<\/p>\n<\/blockquote>\n

For investors wary of direct Bitcoin trading, the analyst suggested MicroStrategy shares\u2014the largest corporate holder of digital gold. Another option could be crypto services from Robinhood, according to the expert.<\/p>\n

In this context, Chhugani also pointed to shares of mining companies like Riot Platforms, CleanSpark, and Core Scientific, which is actively expanding its business in AI computing.<\/p>\n

According to the analyst, the latter remains undervalued, especially in light of the $2 billion expansion of its deal with CoreWeave<\/a>. The AI firm exercised an option and reserved 100% of the miner’s available 500 MW capacity for its needs.<\/p>\n

At the time of writing, Bitcoin is trading at around $66,600. This is approximately 10% below the all-time high set in March, but nearly 60% above the price level at the start of the year.<\/p>\n

\"BTCUSDT_2024-10-23_17-24-27\"
Hourly chart of BTC\/USDT on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

Earlier in October, Bernstein analysts linked the cryptocurrency rally to the increased chances of Donald Trump securing the U.S. presidency in the upcoming November elections.<\/p>\n

For the same reason, Matrixport called their forecast of Bitcoin reaching $70,000 by the end of the year “too conservative.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts at Bernstein have reiterated their forecast for Bitcoin to reach $200,000 by the end of next year, describing it as “conservative.” This was reported by The Block. “Bitcoin will be worth $200,000 in this cycle (end of 2025). [\u2026] We are conservative,” stated Gautam Chhugani, head of digital assets at Bernstein, in a letter […]<\/p>\n","protected":false},"author":1,"featured_media":18029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1146],"class_list":["post-18030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-cryptocurrency-market-forecasts"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18030"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18030\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18029"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}