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 Spot ETFs Effect: Bernstein Analysts Revise BTC Target To $200,000, Here’s When

Share This Post

Analysts at global asset management firm Bernstein have revised their former Bitcoin target to $200,000, foreseeing the influx of Spot Bitcoin ETFs inflows catalyzing this massive price surge. 

Bernstein Analysts Raise Bitcoin Target To $200,000

In a note to clients, Bernstein analysts, Gautam Chhugani and Mahika Sapra predicted that Bitcoin could reach $200,000 by the end of 2025. This new price target comes after analysts foresaw BTC hitting $150,000 earlier in May. At the time, the analysts disclosed that they anticipated about $70 billion in inflows from Spot Bitcoin ETFs between 2024 and 2025.

Presently, the analysts have solidified their predictions, reiterating that Spot Bitcoin ETFs would be the trigger driving Bitcoin’s price to $200,000 next year. Analysts have estimated that Spot BTC ETFs could grow in demand to represent about 7% of the total BTC in circulation. 

They disclosed their expectations for Spot Bitcoin ETFs to grow significantly in adoption, highlighting possibilities of approvals from major wirehouses and large private banking platforms in Q3 and Q4. The analysts also disclosed that almost 80% of Spot Bitcoin ETF inflows are generated by self-directed retail investors who invest through brokerage platforms. 

They believe that institutional investors’ demand for Spot BTC ETFs is still in its early stages. However, as the market continues evolving institutional investors’ interest could rise, adding massively to the current inflows in Spot Bitcoin ETFs. 

Bernstein analysts wrote in their notes to clients that currently around $15 billion of net new flows have been brought in by ETFs combined. The cumulative inflows in Spot Bitcoin ETFs according to Farside data, have reached $14.66 billion since its launch on January 11. 

Due to the high demand and massive capital pouring into this asset class, analysts expect Spot Bitcoin ETFs to be equivalent to 7% of BTC’s circulating supply by 2025 and 15% by 2033. They also anticipate Spot Bitcoin ETF’s total Assets Under Management (AuM) to reach $190 billion by ‘the 25E market peak and a whopping $3 trillion by 2033. 

This bullish prediction underscores the analyst’s confidence in Spot BTC ETFs, despite it being a newly discovered asset class. In less than six months, the total assets under management for Spot Bitcoin ETFs have grown to $59.19 billion, with an average expense ratio of 1.07%. This massive growth has been spearheaded by leading asset management companies like BlackRock, Fidelity and others. 

BTC Price Enters Fresh Bull Cycle

In their note, Bernstein analysts also declared that BTC has officially entered a new bull market cycle. The analysts disclosed that this bull cycle is currently driven by the recent Bitcoin halving event, which took place on April 20. 

They anticipate the rise of new catalysts that could trigger an increase in demand for BTC, propelling its price to new levels. In contrast, crypto analyst, Michael van de Poppe has predicted that BTC has likely reached its bottom between the price range of $63,000 and $65,000. 

As of writing, the cryptocurrency is trading at $63,865, reflecting a weekly decline of 4.76%. Poppe has suggested a potential reversal on the horizon, predicting that Bitcoin could find itself in upward momentum soon. 

Bitcoin price chart from Tradingview.com (Bernstein)

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Price Bounces Off Re-Accumulation Zone: Why $120,000 Could Be Next

A new Bitcoin price analysis confirms that the flagship cryptocurrency is still in a bullish trend after its recent bounce off a key re-accumulation zone With key structural support levels intact and

Fast food giant Steak ‘n Shake launches Bitcoin payments, boosts financial efficiency

Fast food chain Steak ‘n Shake has expanded its payment options to include Bitcoin (BTC) at all of its locations globally, where regulations permit The rollout, which began on May 16, utilizes the

Ethereum Nears Critical Price Level – Reclaiming $3,000 Would Spark A Market-Wide Rally

Ethereum is trading above $2,600 after a volatile stretch that saw bulls regain momentum and push the price into a key resistance zone The recent rebound has brought renewed optimism to the market,

Sui Price Analysis: Bullish Momentum Rises After Sui Foundation Loans Cetus Protocol

The post Sui Price Analysis: Bullish Momentum Rises After Sui Foundation Loans Cetus Protocol appeared first on Coinpedia Fintech News The Sui (SUI) ecosystem has experienced significant headwinds in

Bo Hines declares the US won’t sell Bitcoin, seek endless accumulation for strategic reserve

Bo Hines told the 2025 Bitcoin Conference in Las Vegas on May 27 that the federal government will hold every Bitcoin (BTC) already in custody and pursue additional budget-neutral ways to increase its

Lyn Ulbricht Launches Mothers Against Cruel Sentencing at Bitcoin 2025 Event

Lyn Ulbricht, mother of Silk Road founder Ross Ulbricht, unveiled a nonprofit called Mothers Against Cruel Sentencing (MACS) during the Bitcoin 2025 conference in Las Vegas—an initiative centered
You have not selected any currencies to display