Wall Street Set to Become Top Bitcoin Holder as Analysts Eye $200K BTC

Bitcoin’s price could reach $200,000 by 2025, driven by rising institutional interest, according to a new report by investment firm Bernstein.

The report highlights significant factors, including the surge in U.S.-regulated bitcoin ETFs, which now hold $60 billion in bitcoin, and the upcoming halving event, which historically boosts prices.

Analysts suggest that institutional investments, particularly from Wall Street, could soon outpace holdings by Satoshi Nakamoto, the creator of bitcoin. With factors like potential rate cuts, U.S. election dynamics, and China’s economic stimulus, Bernstein anticipates a bullish cycle for bitcoin, supported by these macroeconomic conditions.

Clever Robot News Desk 26^th October 2024