According to Foresight News, according to CNBC, Bernstein predicts that Bitcoin will replace gold as the main "means of value storage" in the next decade and become an indispensable part of institutional and corporate financing.
Bernstein analyst Gautam Chhugani published the report after Bitcoin hit $100,000, with Bitcoin growing at an annual rate of 141%, most of which occurred after the U.S. election due to the Trump administration's expected crypto-friendly policies. They predict that Bitcoin could reach $200,000 by the end of 2025. DA Davidson's Gil Luria also believes that Bitcoin is an appreciating asset with a low correlation with inflation, unlike gold, which shows that its value is driven by adoption rather than traditional economic indicators. However, he noted that Bitcoin still has a long journey to become a mainstream medium of exchange and unit of account.
