Bernstein analysts are confident that Bitcoin will realize an ambitious $200,000, outlining three factors that will fuel the BTC upsurge by the end of 2025.
In a recent note to the clients, Bernstein analysts emphasized that Bitcoin is edging closer to the 2025 target. Led by Gautam Chhugani, the analysts observed that the bold prediction of $200,000 no longer seems delusion given Bitcoin’s upward rally to nearly $100,000.
The Chhugani-led team issued the $200K prediction in June of this year. Ever since Bernstein has consistently remained optimistic regarding the bullish outlook and has emphasized that BTC will attain the target by next year.
Earlier in November, Bernstein reiterated the insights on the eve of the US presidential election. Notably, Bernstein analysts indicated the BTC price will skyrocket to $200,000 by 2025 regardless of the candidate that wins the White House race.
Factors to Drive Bitcoin to $200,000
Interestingly, the Grand Old Party (GOP) candidate Donald Trump emerged victorious, thereby boosting the analysts’ confidence in their $200,000 prediction. Bernstein cites the assembly of pro-crypto aides to Trump who have, over the years, emerged as digital assets enthusiasts, including Elon Musk, Robert Kennedy Jr., and Pete Hegseth.
Beyond the three crypto enthusiasts, the crypto potential is garnering steam. However, Bernstein spotlights the three factors below that could push BTC’s price to cross above $200,000.
Top 5 Cryptocurrencies Today:
| Name | Price | 24H (%) |
|---|---|---|
Bitcoin
(BTC)
| $29,078.00
| -3.19% |
Ethereum
(ETH)
| $1,948.11
| -4.71% |
Tether
(USDT)
| $1.00
| -0.03% |
BNB
(BNB)
| $295.60
| -1.51% |
Cardano
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| $0.51
| -10.30% |
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Pro-crypto Regulatory Development
Primarily, Bernstein analysts believe that Trump’s fulfilment of pro-crypto promises will surely elevate the US as the global crypto capital.
The president-elect declared support for the crypto industry by keeping the anti-crypto legislators away. Trump indicated he would grant the Commodity Futures Trading Commission (CFTC) authority over the digital assets industry. Additionally, this would drastically limit the SEC’s regulation by the enforcement approach deployed against the crypto businesses.
The Bernstein analysts speculate that honouring these promises will boost investors’ confidence in crypto assets. Further, it would fuel a sustained upsurge in Bitcoin and altcoin prices heading into 2025.
Establishing the National Bitcoin Reserve
The Bernstein team identifies Trump’s pledge to establish a national Bitcoin reserve while addressing the annual conference as a catalyst to realize $200,000. The analysts highlighted that the political process to establish the BTC reserve has already started since Trump triumphed over Kamala Harris.
However, the analysts indicate the initiative to establish the national BTC reserve could take longer to have the requisite legislative process come to fruition.
The analysts cite Senator Cynthia Lummis, who unveiled the Bitcoin Act of 2024 in July. The bill proposes that the US acquire 5% of BTC’s supply in the next five years. The bill proposes that the State Secretary retain Bitcoin for two decades.
Bernstein analysts state that though corporations, institutions, and retail clients will propel Bitcoin’s demand in this cycle, the sovereign entities can take the lead in the subsequent cycle.
Growing Institutional Demand
The analysts highlight that Bitcoin will leverage the growing institutional demand for increased higher prices. Brokerage company analysts consider that the interest from institutions could propel BTC to $200K.
The analysts cite the accumulation spree by Michael Saylor’s MicroStrategy buying more Bitcoins. Additionally, they note that miners are continually hoarding Bitcoin. It coincides with Bitcoin exchange-traded funds (ETFs) witnessing more flows into their assets under management (AUM).
Analysts at Bernstein indicate that the above developments erode the selling pressure on BTC. The analysts urge investors to hold the Bitcoins as the pro-crypto regulatory era was yet to price in.
With Bitcoin currently changing hands at $91,565.19, reflecting a 1.9% intraday gain, the premier asset must rally 118.42% to realize the $200,000 mark.
On the daily chart, Bitcoin appears to retain the aggressive rally above $75,000. Currently, the market seems to be struggling to blast beyond the $92,000 mark. Yet, the current market structure suggests that, with time, BTC would trade above $100,000, a target for many investors.
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