Analysts at Bernstein describe a key catalyst for bitcoin to reach its 200,000-cycle target.
According to the #bitcoin price page of the block, bitcoin is now approaching new all-time highs around 92,000 new dollars.
analysts at research and brokerage firm Bernstein cite a major catalyst that could push the bitcoin price to a target of 200,000 cycles by 2025.
We are entering a stage where conspiracy is becoming a problem for bitcoins, said an analyst led by Gautam Chhugani in a note to clients on Monday. Bernstein set a target for his last bitcoin in May, when its price was around $66,000. It looks like bitcoin is just around the corner and its price will hit 100,000, and our goal of [by the end of] 200,000 per bitcoin [by the end of] 2025 doesn't seem so crazy anymore, he said.
After Donald Trump won the U. S. presidential election, his transition team has already begun working with Robert F. Mueller III, a bitcoin proponent. Kennedy Jr. We are beginning to nominate candidates for senior positions, including Secretary of Health and Secretary of Defense, respectively. But perhaps the 2 most important appointments in terms of #cryptocurrencies are yet to come: Trump's nominees to be the new chairman of the Securities and Exchange Commission and Treasury Secretary to replace Gary Gensler, analysts said.
American investor and hedge fund manager Scott Bessent and Cantor Fitzgerald CEO Howard Lutnick, a bitcoin supporter whose company served as the custodian of Tether's multi-billion dollar reserves, are currently on equal footing on decentralized prediction platform Polymarket in the race for Treasury Secretary, with Lutnick having a slight edge. It's a great place to start.
Bitcoin is the currency of freedom, a hedge against inflation for middle-class Americans, a hedge against the dollar's decline in its status as the world's reserve currency and the elimination of crippling national debt, he said.
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