Bernstein: Bitcoin price forecast of $200,000 by the end of 2025 is ‘conservative’
2024-10-23 12:39:46
Odaily News Analysts at research and brokerage firm Bernstein claim that their current forecast of a $200,000 Bitcoin price by the end of 2025 is "conservative" and urge skeptics to reconsider the limited supply of cryptocurrencies in an era of record U.S. debt levels. For investors who do not want to hold Bitcoin directly, the analyst suggests that MicroStrategy, the world's largest Bitcoin corporate fund holder, and Robinhood, which is continuing to expand its crypto services, can be invested in as an alternative to indirect investment. In addition, the analyst also said that in a world where U.S. debt has hit new highs and the threat of inflation remains, the existence of a limited supply of "value store" digital assets is not a bad thing. If investors like gold, then they should like Bitcoin more. (The Block)
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