Bitcoin Price Could Hit $200K by 2025 as Institutional Investment Grows: Bernstein
A new Bernstein report highlights industry consolidation, rise of Bitcoin ETFs, and AI-powered opportunities for miners amid geopolitical tensions.
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October 23, 2024
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Cointelegraph reported that the price of Bitcoin could reach $200,000 by the end of 2025, entering a “new institutional era,” according to an October 22 report by Bernstein Research.
Bernstein’s 160-page “Black Book” highlights ongoing consolidation in Bitcoin mining, with major asset managers now holding about $60 billion in Bitcoin ETFs, up from $12 billion in 2022. By the end of 2024, Wall Street is expected to surpass Satoshi Nakamoto as the largest Bitcoin wallet.
Bitcoin ETFs have dominated the market in 2024, with six of the top 10 launches. Institutional analysts, including Bernstein, JP Morgan, and Paul Tudor Jones, are bullish on Bitcoin ahead of the U.S. presidential election, as investors turn to Bitcoin and gold amid geopolitical tensions, a trend referred to as the “debasement trade.”
Bitcoin miners are expected to recover from the April 2024 halving event, with companies like Riot, ClearSpark, and Marathon leading consolidation. The rise of AI-powered computational demand is also offering miners new revenue streams, with firms like Core Scientific and Hive Digital Technologies embracing AI alongside Bitcoin mining.
