$450 Billion Target for Bitcoin and Ethereum: Could Help Solana!
Broker Bernstein expects Bitcoin (BTC) and Ethereum (ETH) ETFs to capture a $450 billion market.
“This would mean more than $100 billion will flow into cryptocurrency ETFs over the next 18-24 months,” Bernstein analysts said today.
Analysts expect the price of Bitcoin to reach $90,000 by the end of this year, reaching the peak of the bull cycle at $150,000 in 2025.
The US Securities and Exchange Commission (SEC) has approved 19b-4 filings for a spot Ethereum ETF. Once the S-1 files are approved, the funds will be able to enter the market.
According to Bernstein analysts, the "biggest debate" regarding ETH has been resolved, thanks to Ethereum being classified as a commodity rather than a security.
Analysts added that Ethereum's approval as a proof-of-stake token could also benefit other projects such as Solana (SOL).