Bitcoin Bears Under Pressure as Bernstein Predicts $200K by 2025
Leading research firm Bernstein has reaffirmed its prediction that Bitcoin could reach $200,000 by 2025, citing favorable political, regulatory, and market conditions.
With Bitcoin trading around $92,000, analysts believe the $100K mark is within reach and $200K by 2025 now seems more plausible. Bernstein points to the pro-crypto environment expected under President-elect Donald Trump’s administration, including potential SEC and Treasury appointments, as key drivers. Additionally, increasing institutional and sovereign interest in Bitcoin, alongside regulatory clarity, is expected to fuel a new crypto bull market.
Bitcoin’s recent surge has sparked optimism, with key figures like Microstrategy’s Michael Saylor predicting BTC to hit $100,000 by year-end. The overall crypto market is also benefiting, with Ethereum, Solana, and other digital assets expected to follow suit.
Clever Robot News Desk 19th November 2024
