The report by Bernstein Research describes its new price forecast for Bitcoin: $200,000 by the end of 2025. This could be the result for BTC after the presidential elections in the USA, where it might enter “a new institutional era.”
Bitcoin: Bernstein’s price prediction talks about 200,000 dollars by the end of 2025
The analysis center Bernstein Research has revealed its new price forecast for Bitcoin: $200,000 by the end of 2025. Announcing it on X is Matthew Sigel, head of digital asset research at VanEck:
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The legendary research broker Bernstein has just published one of its famous “black books” on #Bitcoin! 160 pages explaining why BTC will reach 200 thousand dollars by the end of 2025 and how publicly listed miners will continue to consolidate the sector.
In practice, the famous Black Book of 160 pages by Bernstein Research with this optimistic forecast for Bitcoin, refers to what could happen also in view of the presidential elections in the USA. In fact, the report suggests that BTC could enter a “new institutional era”.
Not only, as anticipated by Sigel, the Black Book also explains why the Bitcoin miners listed on the stock exchange will continue to consolidate the sector.
In this regard, Gautam Chhugani from Bernstein is said to have commented that such a Bitcoin price forecast of $200,000 is conservative.
“Bitcoin will go to 200,000 during this cycle. And we are conservative. If you are a Bitcoin skeptic, maybe you should think about the fact that a store of value in the form of a digital asset might not be bad in this world, where US debt has reached new records (and is worth 35 trillion now) and there is still the danger of inflation. If you like gold in these circumstances, you should like Bitcoin even more.”
Bitcoin and the BTC Price Prediction of $200,000 by the End of 2025
The price forecast of Bernstein Research for Bitcoin, so optimistic, is based on factors of this 2024, by virtue of what may happen next year.
In fact, this 2024 was the year of the approval of spot Bitcoin ETFs which involved institutional investors. In this regard, the report states
“Ten global asset managers today own about 60 billion dollars wrapped in regulated funds [exchange-traded funds] compared to 12 billion dollars in September 2022”
Not only that, 2024 was also the year of the halving of Bitcoin which reduced the miners’ rewards from 6.25 BTC to 3.125 BTC per block.
Finally, 2024 is also the year of the Presidential elections in the USA, with an electoral campaign that sees some candidates discussing the crypto sector and promising new scenarios that support Bitcoin.
The bullish on BTC is independent of the outcome of the USA elections
Recently, a journalist from CNBC, Tanaya Macheel, wrote an article stating that Bitcoin is destined for a bull run regardless of who will be elected President of the USA.
In practice, for Macheel, Bitcoin will thrive in the long term regardless. And indeed, in case of a victory by Donald Trump, the crypto market could react well in the short term, while if Kamala Harris were to win, the reaction will be visible in the medium/long term.
An analyst has predicted that the price of BTC could reach $100,000 during 2025, regardless of who will be the new President of the USA.
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