đđ Bitcoin may have hit a speed bump on its journey to the moon, but brokerage firm Bernstein is still all in! Despite BTC struggling to rise above its recent all-time high of $73,000, Bernstein is upping the ante, predicting a whopping $200,000 by 2025! đđ
Bernstein's optimism is fueled by the expected growth of approved and regulated spot Bitcoin ETFs. They foresee heavyweights like BlackRock, Franklin Templeton, and Fidelity continuing to see massive inflows over the next few years. đđ°
By 2025, Bernstein estimates these investment vehicles could hold around $190 billion in assets, a significant leap from the current $60 billion. They believe the launch of these funds will be a key event, driving traditional institutional capital into the crypto markets. đđŒ
Bernstein also suggests that Bitcoin has entered a new bull market cycle, driven by the recent halving event. They expect new catalysts to emerge, driving demand for the asset. đđ
But wait, there's more! After hitting $200,000 by 2025, Bernstein predicts BTC could reach a staggering $1 million by 2033! đČđž
Institutional funds have been pouring into Bitcoin this year, with MicroStrategy leading the charge. The firm now holds a whopping 1.1% of Bitcoinâs total global supply. If it continues to accumulate BTC, Bernstein predicts that by 2025, the companyâs holdings could represent 1.5% of Bitcoinâs total circulating supply. đŠđ
So, buckle up, Bitcoin enthusiasts! The ride may be bumpy, but the destination looks promising! đđ
