Bitcoin Set to Surge to $200K by 2025, According to Bernstein
Bitcoin’s price could reach $200,000 by the end of 2025 as it enters a new phase of institutional adoption, according to a report by Bernstein Research released on October 22.
The report highlights a consolidation trend among Bitcoin miners and points to the growing role of institutional investors, with asset managers now controlling approximately $60 billion in Bitcoin ETFs—up from $12 billion in 2022.
Bernstein predicts that by late 2024, major financial institutions will replace Satoshi Nakamoto as the largest Bitcoin holders. Bitcoin ETFs have already made waves this year, with six of the top 10 launches in 2024 being Bitcoin-related, as noted by Nate Geraci, president of The ETF Store.
Analysts from firms like Bernstein, JP Morgan, and hedge fund manager Paul Tudor Jones are optimistic about Bitcoin, particularly in the lead-up to the U.S. presidential election. Investors are turning to both Bitcoin and gold to hedge against rising geopolitical tensions and inflation concerns, referred to as the “debasement trade.” JPMorgan’s October 3 report notes that demand for these assets is fueled by global uncertainties and concerns about government deficits.
READ MORE: Bitcoin ETFs Face Sudden Outflows as Inflows Halt After Week-Long Surge
Paul Tudor Jones, in an October 22 interview, expressed confidence in Bitcoin and commodities, citing inflation concerns post-election. He emphasized favoring assets like gold, Bitcoin, and technology stocks over fixed-income investments.
The Bitcoin mining industry is also expected to rebound after its mid-2024 halving, which cut rewards from 6.25 to 3.125 BTC per block. Miners like Riot, ClearSpark, and Marathon are poised to lead industry consolidation, while others are tapping into the growing demand for AI-powered computing. Luxor CEO Nick Hansen noted that miners could earn significantly more from AI-related activities than Bitcoin mining, with several firms, including Core Scientific and Hive Digital Technologies, exploring AI as a secondary revenue stream.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
