Bernstein: Trump's commitment to Bitcoin strategic reserves and other catalysts may push Bitcoin to $200,000

Odaily News A report released by Bernstein analyzed the key upcoming catalysts for Bitcoin that could push its price to its cyclical target of $200,000 in 2025. The catalysts mainly include: Bitcoin strategic reserves, crypto regulatory commitments, and demand for Bitcoin ETFs and MicroStrategy. The report believes that although the Trump election trade is over, the new era of crypto regulation is far from being reflected in the price. Investors should continue to hold Bitcoin stock proxies for at least 12-18 months. Since most institutional investors are re-examining their anti-crypto stance, investors will have ample time to make new structural configurations for this market. (The Block)