Global investment firm Bernstein Research predicts that Bitcoin (BTC) could reach $200,000 by the end of 2025, driven by growing adoption among large institutional investors. “Ten global asset managers now hold approximately $60 billion in regulated ETFs,” Bernstein says.
The company's report, known as the "Black Book," is 160 pages long and explains why the cryptocurrency could reach this value. Titled "From Coin to Compute: The Bitcoin Investing Guide," it suggests that Bitcoin's (BTC) role in the "computational economy" could drive price appreciation.
For Bernstein, as the regulatory landscape improves, Bitcoin is entering a new “institutional era.” The report compares BTC’s liquidity profile to that of traditional assets such as stocks and commodities, showing that although it carries greater liquidity risks due to its shorter duration, institutional investors are incorporating the cryptocurrency into their portfolios.
The “Black Book” suggests that investors are not deterred by Bitcoin’s high volatility; instead, they are deploying advanced risk management strategies to mitigate potential drawdowns.
The analysis further states that Bitcoin is moving beyond its traditional role as a store of value and is becoming an essential part of the global computing landscape, with the expansion of the use of the blockchain structure for other tasks on the network.
The report identifies this growing computing power as a key factor in Bitcoin’s anticipated rise in value. By leveraging blockchain technology for tasks beyond cryptocurrency transactions, Bitcoin could unlock new avenues of technological growth.
By: Gustavo R. (MT) and Mx Cripto
