Brokerage firm U.S. Tiger Securities stated that Bitcoin $BTC has entered a new phase of a bull market, while maintaining the BUY recommendation ❗️❗️❗️ and setting a cycle target level at $250,000, which should be reached by 2029 or earlier.
The $250,000 target level combines an estimated gold benchmark with validation based on cost-basis metrics in the blockchain. Based on the final issuance of 21 million coins, the goal implies a network valuation of $5.25 trillion, equivalent to 16.9% of the estimated market capitalization of gold—near the lower end of the company’s initial range of 15%–25%.
#BTC #bitcoin #CryptoNewss #Binance
The $250,000 target level combines an estimated gold benchmark with validation based on cost-basis metrics in the blockchain. Based on the final issuance of 21 million coins, the goal implies a network valuation of $5.25 trillion, equivalent to 16.9% of the estimated market capitalization of gold—near the lower end of the company’s initial range of 15%–25%.
#BTC #bitcoin #CryptoNewss #Binance
