Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Bitcoin To $200,000 By 2025 End Is ‘Conservative’ Target, Analyst Predicts

Share This Post

According to institutional-grade research firm Bernstein analysts, Bitcoin (BTC) reaching $200,000 by the end of 2025 would be a “conservative” estimate.

Bitcoin To $200,000 By 2025 End?

Although BTC remains range-bound, just below its all-time high (ATH) of $73,737, analysts at Bernstein believe their current price prediction of $200,000 for the digital asset by the end of 2025 is conservative.

In a client note shared today, Bernstein analyst Gautam Chhugani wrote, “Bitcoin is going to $200,000 this cycle,” emphasizing the significance of the asset’s limited supply of 21 million, particularly in light of inflating US debt levels. He added:

If you are a Bitcoin skeptic, maybe, a limited supply, ‘store of value’ digital asset is not such a bad thing in a world where U.S debt hits new records ($35 trillion now) and threats of inflation still loom. If you like gold here, you should love bitcoin even more.

Chhugani also suggested that if investors are hesitant about gaining direct exposure to BTC, they can invest in companies like MicroStrategy or Robinhood to gain indirect exposure to the asset’s price performance.

The growing institutional interest in Bitcoin exchange-traded funds (ETF) further strengthens the case for a potential BTC rally shortly. 

In a recent filing with the US Securities and Exchange Commission (SEC), JP Morgan declared $272 million worth of BTC ETF at the end of Q3 2024. At the time of writing, the cumulative total net inflow in US-based spot BTC ETFs stands at $21.15 billion, according to data from SoSoValue.

Several Metrics Point To Potential  BTC Rally

While Bitcoin ETFs continue to attract institutional investment, multiple other data points hint toward a greater possibility for a BTC rally toward the end of the year.

For example, Bitcoin’s mining difficulty recently surged to 95.67 terahashes, marking a 3.9% increase on October 22. Year-to-date (YTD), mining difficulty has risen by about 30%, climbing from 72 terahashes earlier this year to over 95 terahashes.

Similarly, the Bitcoin mining hashrate recently jumped to a new ATH of 700 exahashes per second (EH/s). 

For those unfamiliar, exahashes measure the computational power required to mine and record transactions on a blockchain that operates on a proof-of-work (PoW) consensus mechanism.

A rise in Bitcoin’s mining difficulty and hashrate is typically long-term bullish for BTC, as it indicates stronger network security and growing miner confidence in future profitability – both signs of strong demand for the asset.

Moreover, a recent report shed light on the dramatic rise in BTC holdings among ‘accumulation addresses,’ signaling that long-term holders continue to acquire digital assets to benefit from future price appreciation.

However, Bitcoin is still struggling to break through the psychologically important $70,000 resistance level decisively. At the time of writing, BTC trades at $66,000, down 2.2% in the past 24 hours.

bitcoin

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Coinbase unveils Bitcoin yield fund for global institutional investors

Coinbase Asset Management is preparing to introduce the Coinbase Bitcoin Yield Fund (CBYF) on May 1 According to an April 28 statement, Coinbase described CBYF as a conservative investment strategy

ETF Weekly Recap: Bitcoin ETFs Soar to Record-Setting Week With $3 Billion Inflow

Bitcoin ETFs recorded a historic $306 billion in net inflows last week, their second-highest weekly haul since inception, while ether ETFs staged a comeback with $15709 million in fresh capital

Bitcoin Price Prediction-Here’s What’s Incoming for the BTC Price Rally This Week

The post Bitcoin Price Prediction-Here’s What’s Incoming for the BTC Price Rally This Week appeared first on Coinpedia Fintech News The crypto markets are displaying significant strength since

PEPE Rising Trendline Holds Firm: A Reliable Launchpad For Price Rally

UniChartz recently pointed out on X that PEPE is respecting a rising trendline with remarkable consistency, highlighting strong underlying bullish strength Multiple clean touches along the trendline

Crypto Theft: Loopscale Hackers Agree To Return Stolen $5.8 Million — For A Price

A cryptocurrency exchange reached an agreement with cybercriminals who hacked into millions, marking increased security issues in the digital currency industry Loopscale revealed on April 28 that the

Best Altcoins to Buy as Strategy Buying Spree Is Turning Bitcoin Into a Premium Asset

Strategy (formerly MicroStrategy) currently owns an astounding 538,200 Bitcoin after it added a massive 379,800 $BTC in just the last six months On average, the company has been acquiring 2,087 $BTC