Bitcoin enters the age of infinity this year, according to Bernstein
The investment firm maintains its bullish projection for cryptocurrencies in 2025.
In this era, bitcoin (BTC) would cease to be something controversial, to gain widespread acceptance.
Bernstein maintains its projection of bitcoin at $200,000 this year.
According to the investment firm Bernstein, the bitcoin (BTC) and cryptocurrency market enters this year what it considers the age of infinity. This is stated in a new note this week, where it reveals multiple predictions it has for this industry in 2025.
According to Bernstein analysts, the age of infinity is a long period marked by relentless evolution and widespread acceptance, leading to a point where cryptocurrencies are no longer controversial, but part of the financial system.
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Cryptocurrencies are now firmly on the radar of corporations, banks and institutions, entering the very fabric of our financial systems, the company's analysts added.
Under this scenario, Bernstein reiterates its target price for bitcoin at $200,000 (USD) by the end of 2025 as it had indicated months before. In addition, it expects it to reach USD 500,000 by 2029 and USD 1 million by 2033. All of this in bullish trends separated by bearish periods in between.