Bold prediction! Bernstein bets Bitcoin will rise to $200,000 next year$$💰💰

There is no highest Bitcoin price outlook, only higher. Amid the bullish cheers of $100,000, Bernstein Research predicts in its latest report that Bitcoin prices could be as high as $200,000 by the end of 2025.

As of Wednesday, the total net asset value of Bitcoin spot ETFs was $64.088 billion, and the ETF market value accounted for 4.86% of the total market value of Bitcoin, with a historical cumulative net inflow of $21.345 billion.

In addition, JPMorgan Chase said in a report this month that investors are turning to gold and Bitcoin for safe-haven trading in the face of heightened geopolitical tensions to cope with catastrophic situations.

Since the beginning of the month, Bitcoin prices have risen 6% and are currently stable above $67,000. On Monday, Bitcoin rose to more than $69,400, close to the market's key psychological price of $70,000.

Bullish voices continue

Several analytical institutions have issued bullish signals on Bitcoin prices, especially as the US election is imminent, and Trump, the presidential candidate who is bullish on Bitcoin, is constantly expanding his campaign advantage.

JPMorgan Chase pointed out that the market is engaged in depreciation transactions, that is, the demand for gold has soared. The main reason is the increase in geopolitical uncertainty since 2022, the high risk brought by long-term inflation, and the continued high government deficits in major economies around the world.

Paul Tudor Jones, founder of the hedge fund Tudor Investment, also warned that he is optimistic about Bitcoin and other commodities because after the US election, almost all roads lead to inflation. Gold, Bitcoin, commodities and Nasdaq stock baskets are his preferred investments, and he will not hold any fixed-income assets.

In addition to the macro impact, Bernstein also pointed out that the energy demand brought by artificial intelligence also helps Bitcoin profit. Matthew Sigel, head of digital asset research at VanEck, once explained that artificial intelligence companies need energy, while Bitcoin miners have energy.

Miners can earn $2-3 from AI for every kilowatt-hour of energy consumed, compared to $0.15-0.20 from Bitcoin mining. #AI概念币走弱 #BabyMarvin合约尾号f9c7