Asset management company AllianceBernstein: If spot ETFs are approved, Bitcoin will reach $150,000 by 2025

Odaily News Global asset management company AllianceBernstein predicts that the price of Bitcoin will reach $150,000 by 2025. The forecast is driven by optimism that the U.S. SEC will soon approve a spot Bitcoin ETF, Gautam Chhugani, the firm’s senior analyst specializing in digital assets, wrote in a report. You may not like Bitcoin as much as we do, but treating Bitcoin as a commodity means a turning point in the cycle, analysts said: The idea is good or bad depends on the timing - SEC approves the worlds top asset management company (Beijing) ETFs like Ryder, Fidelity, etc.) appear to be coming soon.” Chhugani further explained that after the upcoming Bitcoin halving in April next year, “loss-making miners” will be “eliminated” to create space for the remaining participants. Considerable profits create favorable conditions. Additionally, the company predicts that the approval of a spot Bitcoin ETF will bring 10% of Bitcoin’s circulating supply into the ETF. (Bitcoin.com)