Bitcoin projected to $200k by 2025: Bernstein Research

Bitcoin, the world’s oldest and largest cryptocurrency, is expected to reach $200,000 by the end of next year. These estimates, released by Bernstein Research, are up from last year’s $150,000 price target.

Bernstein Research, an investment and research firm, published a Bitcoin price projection of up to $200,000 by 2025. There are several factors, including the US election, institutional demand and adoption, as well as potential regulatory changes that will drive the Bitcoin price to $200,000. these are new goals.

Donald Trump wins the presidential race on November 5, raising speculation that the Securities and Exchange Commission (SEC) chairman and Treasury Secretary will be filled by pro-crypto personalities.

Howard Lutnick, Cantor Fitzgerald CEO, and Key Square Group founder Scott Bessent will potentially replace Janet Yellen as chief cashier.

Institutional demand will also increase Bitcoin’s chances of rising next year as several major companies buy Bitcoin or any crypto-related product such as an exchange-traded fund (ETF). The latest is Goldman Sachs increasing its holdings in BlackRock’s Spot Bitcoin ETF and iShares Bitcoin Trust ETF (IBIT) to $710 million.

The Bitcoin Act and the Bitcoin Strategic Reserve plan were also introduced by US Republican Senator Cynthia Lummis to promote Bitcoin as a financial reserve alongside gold.

Bitcoin bullish prediction: $1 million by 2033

Bernstein analysts predicted that the Bitcoin ETF would account for roughly 15% of the circulating supply of “digital gold” by 2033. Bitcoin price in relation to the marginal cost of production could mean an increase to over $500,000 by the end of 2029 and above $1 million eventually. 2033.

“We believe US-regulated ETFs are a turning point for crypto, bringing structural demand from traditional pools of capital,” Bernstein analysts Gautam Chhugani and Mahika Sapra said.

Since its launch in mid-January this year, the Bitcoin spot ETF has attracted nearly $28 billion in inflows, according to CoinMarketCap. Other countries followed this move by launching the same product in their own countries.