Bernstein: Bitcoin Will Hit $150,000
Despite a small dip in recent weeks, the team at Bernstein is still confident that Bitcoin is far from reaching its peak. In fact, they are predicting that it will reach $150,000 by the end of 2025.
According to their analysis, the current market conditions indicate that the cryptocurrency is still in the early stages of its cycle, making it a lucrative investment opportunity.
They believe that the recent correction in price has actually cleaned up excessive leverage on futures contracts and that the recent resurgence of bitcoin exchange-traded funds in the United States is a positive sign for the market.
Even the highly anticipated Grayscale GBTC ETF has seen a shift from outflows to inflows. Overall, the analysts assert that the risk-reward ratio for investing in bitcoin remains attractive.
