Alliance Bernstein analysts: Still confident in Bitcoin's potential to reach $150,000 by 2025

Alliance Bernstein analysts Gautam Chhugani and Mahika Sapra remain confident in Bitcoin's potential to reach $150,000 by 2025. They said: Feel better about this call, Bitcoin indicators indicate a healthy cycle, but it is still in the early stages.

Analysts believe that the recent drop in Bitcoin prices to about $57,000 is a beneficial adjustment, cleaning up excess leverage in futures contracts on cryptocurrency exchanges, thereby enhancing market stability. They believe that BTC is far from done, and point out that the risk-reward here is still attractive.

In addition, analysts pointed out that even Grayscale's converted Bitcoin ETF (GBTC) recorded its first net inflow of $63 million on Friday after 78 consecutive days of outflows, and emphasized: Considering that GBTC has been the source of a large amount of continuous selling, and the new 9 ETFs must absorb these selling, this is significant. $BTC #etf上线 #gbtc