Bitcoin To Peak At $150K, Crypto ETF Market To Grow To $450B: Bernstein
Portfolio Pulse from Murtuza Merchant
Bernstein's research report forecasts a significant growth in the market for Bitcoin and Ethereum ETFs, potentially reaching $450 billion. Bitcoin is expected to peak at $150,000 by 2025, driven by institutional adoption and regulatory advancements. The SEC's approval of spot Ether ETFs and classification of Ether as a commodity are key developments.
May 28, 2024 | 3:48 pm
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Bernstein forecasts Bitcoin to peak at $150,000 by 2025, driven by institutional adoption and regulatory advancements.
The forecasted peak price of $150,000 for Bitcoin by 2025 is based on increasing institutional adoption and regulatory advancements, which are likely to drive demand and price upward.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
The SEC's approval of spot Ether ETFs and classification of Ether as a commodity are expected to drive significant growth in Ethereum's market.
The SEC's regulatory clarity and approval of spot Ether ETFs are likely to increase institutional interest and investment in Ethereum, driving its market growth.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Solana is expected to benefit from the SEC's regulatory clarity on Ether, potentially paving the way for its evolution as a financial asset.
Solana is likely to benefit indirectly from the SEC's regulatory clarity on Ether, which sets a precedent for other blockchain tokens to evolve as financial assets.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50