Bernstein: Bitcoin at $200,000 by the end of 2025 is a conservative forecast

Bernstein analysts again your forecast about the level of the first digital currency at $200,000 by the end of the next year and called it “conservative”. Writing about this The Block.

“Bitcoin will be worth $200,000 in this cycle (end of 2025). […] We are conservative,” Bernstein’s head of digital assets, Gautam Chhugani, said in a letter to clients.

The expert drew attention to the investment attractiveness of the first digital currency against the background of the growth of the US national debt ($35 trillion) and the threat of inflation.

“If you like gold in this respect, you should have Bitcoin even more,” Chhugani said, noting the cryptocurrency’s limited availability.

For investors who are wary of direct Bitcoin trading, the analyst recommended shares of MicroStrategy, the largest corporate company owner of digital gold. Another option could be crypto services from Robinhood, the expert believes.

In this way, Chhugani also highlighted shares of mining companies such as Riot Platforms, CleanSpark and Core Scientific, which are actively developing their business. in the field of AI computing.

According to the analysis, the latter are still undervalued, especially with the $2 billion expansion dealing with CoreWeave. The company AI took advantage of the option and reserved 100% of the 500 MW capacity available from the miner for its needs.

At the time of writing, Bitcoin is trading at around $66,600 This is around 10% below the peak set in March, but almost 60% above the level of values ​​at the beginning of the year.

Hourly BTC/USDT chart of the Binance exchange. Data: TradingView.

Let us remind you that the cryptocurrency rally in October, Bernstein analysts connected with Donald Trump’s chances of becoming President of the USA increasing as a result of the November elections.

For the same reason, Matrixport named it a rehearsal about Bitcoin reaching $70,000 by the end of the year “too conservative.”

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