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Bernstein analysts have published a new analysis in which they say they stand by their Bitcoin predictions. In a customer note written by Gautam Chhagani, Bitcoin is expected to continue its rise.
“The bears are going to start hurting.”
Analysts have long pointed to a target of $200,000 by the end of 2025. “We are entering a period in which bears expecting a decline in Bitcoin will suffer severely. The $100,000 price is only a matter of time,” he said, and the $200,000 target by the end of 2025. No more dreams.
As it turns out, the company’s analysts have said since the summer that they expect $200,000 by the end of 2025, and they’ve said they stand behind those claims in many of their analyses.
The client note also noted that Trump has begun selecting cabinet members for key positions and will make decisions shortly, and that SEC and Treasury Department appointments will also be important for cryptocurrencies.
“Countries will also start receiving”
Analysts also said they believe the implementation of Trump’s pre-election promise to make bitcoin a reserve asset will be the biggest driver of the rally. He said that the next round will start with the purchases of countries:
“In this cycle, institutions and small investors support the rise of Bitcoin. We believe the next cycle will be initiated by states. Politicians are sowing the seeds today.
“Trump’s Rise Is Over”
Bernstein’s analysts also said the election rally, also known as the “Trump trade,” is over, but the miners’ buying now will ease the selling pressure:
“The election boom is over. However, BTC accumulation by miners will reduce selling pressure and keep prices high as the bull season continues. Investors should also hold bitcoin-focused stocks. “In particular, regulations will increase these shares over the next 12-18 months.”
It was published:
