Bitcoin To More Than Double From All-Time High To $150,000 by 2025, Bernstein Forecasts: Report
Portfolio Pulse from Khyathi Dalal
Bernstein, a global asset management firm, predicts that Bitcoin (BTC) prices could surge to $150,000 by 2025, amid positivity surrounding the spot Bitcoin ETF approval. The approval is expected by Q1 2024. The firm also initiated coverage on several Bitcoin mining firms, including Riot Platforms and CleanSpark, citing Bitcoin mining as a high-beta strategy for gaining exposure to the market.
November 01, 2023 | 7:24 pm
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Bernstein predicts Bitcoin prices could surge to $150,000 by 2025, amid positivity surrounding the spot Bitcoin ETF approval. The approval is expected by Q1 2024.
The forecast by Bernstein, a reputable asset management firm, is a strong bullish signal for Bitcoin. The expected approval of the spot Bitcoin ETF by Q1 2024 could attract more conventional investors to Bitcoin, potentially driving its price up.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Bernstein initiated coverage on CleanSpark, citing Bitcoin mining as a high-beta strategy for gaining exposure to the market.
Bernstein's initiation of coverage on CleanSpark is a positive signal for the company. The firm's view of Bitcoin mining as a high-beta strategy for gaining market exposure could attract more investors to CleanSpark.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bernstein initiated coverage on Riot Platforms, citing Bitcoin mining as a high-beta strategy for gaining exposure to the market.
Bernstein's initiation of coverage on Riot Platforms is a positive signal for the company. The firm's view of Bitcoin mining as a high-beta strategy for gaining market exposure could attract more investors to Riot Platforms.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80