Bernstein’s report is the latest in a series of bullish forecasts from institutional market researchers ahead of the November US presential election.
The price of Bitcoin (BTC) could go as high as $200,000 by the end of 2025 as the cryptocurrency enters “a new institutional era,” according to an Oct. 22 report by Bernstein Research.
Bernstein’s 160-page “Black Book” makes the case for why Bitcoin miners will continue to consolidate the industry, Matthew Sigel, VanEck’s head of digital asset research, said in an Oct. 23 post on the X platform.
“Ten global asset managers now own ~$60Bn wrapped as regulated [exchange-traded funds] compared with $12Bn in September 2022,” according to the report.
