According to BlockBeats, a report released by Bernstein on November 18 analyzes the key catalysts that could drive Bitcoin's price to its cycle target of $200,000 by 2025. The report identifies several significant factors, including Bitcoin strategic reserves, commitments to crypto regulation, and the demand for Bitcoin ETFs and MicroStrategy.
The report notes that the "Trump election trade" has concluded. However, the impact of a new era of crypto regulation is yet to be fully reflected in Bitcoin's price. Investors are advised to continue holding Bitcoin-related assets for at least the next 12 to 18 months. As most institutional investors are reassessing their anti-crypto stance, the market is expected to undergo a lengthy period of structural reconfiguration. The report suggests that those who are bullish on Bitcoin may find themselves on the right side of history.
