Bernstein Predicts Bitcoin Will Hit $150K in 2 Years

During a presentation for investors, Bernstein analysts predicted that Bitcoin will experience significant growth in the next few years.

They believe that the introduction of spot crypto ETFs to the US stock market will lead to increased institutional adoption of the digital currency.

By 2025, they predict that the value of BTC will reach $150,000, almost five times its current value.

Company analysts also note that BTC ETF funds accumulate more than 10% of the turnover of the largest digital currency.

Strategist Gautam Chhugani emphasized that Bitcoin should be seen as more than just a commodity and that the approval of a BTC ETF is inevitable.

They also believe that the 2024 halving will positively impact the digital currency as speculators leave the market and investors focus on long-term storage of the cryptocurrency. Overall, Bernstein’s presentation suggests that the future is bright for Bitcoin.