Leading broker Bernstein remains optimistic about Bitcoin's future trajectory. Bernstein analysts raised their long-term price forecast for BTC to $200,000 by the end of 2025 in their latest report.
They attributed this renewed bullish outlook to their expectations around the growth of approved and regulated spot Bitcoin ETFs. They expect major asset managers such as BlackRock, Franklin Templeton and Fidelity to continue to see large inflows over the next few years.
Bernstein estimates that these regulated investment vehicles could hold a total of approximately $190 billion in assets by 2025. These analysts see the funds' launch as a critical event that will drive traditional institutional capital into crypto markets.
They note that Bitcoin has entered a new bull market cycle driven by the recent halving event. At the same time, they expect new catalysts to emerge that will increase demand for the asset.
After reaching a cycle high of $200,000 in 2025, Bernstein stated that BTC could hit $1 million by 2033, with ETFs designed to track the cryptocurrency equaling almost 15% of the total supply that same year.
This year Bitcoin has seen an influx of significant institutional funds. MicroStrategy, one of the largest institutional owners of the asset, has turned the software firm into a major holder of the cryptocurrency thanks to its aggressive accumulation strategy over the past four years.
If it continues to accumulate BTC over the next few years, Bernstein estimates that the company's assets could represent 1.5% of Bitcoin's total circulating supply by the end of 2025.
They attributed this renewed bullish outlook to their expectations around the growth of approved and regulated spot Bitcoin ETFs. They expect major asset managers such as BlackRock, Franklin Templeton and Fidelity to continue to see large inflows over the next few years.
Bernstein estimates that these regulated investment vehicles could hold a total of approximately $190 billion in assets by 2025. These analysts see the funds' launch as a critical event that will drive traditional institutional capital into crypto markets.
They note that Bitcoin has entered a new bull market cycle driven by the recent halving event. At the same time, they expect new catalysts to emerge that will increase demand for the asset.
After reaching a cycle high of $200,000 in 2025, Bernstein stated that BTC could hit $1 million by 2033, with ETFs designed to track the cryptocurrency equaling almost 15% of the total supply that same year.
This year Bitcoin has seen an influx of significant institutional funds. MicroStrategy, one of the largest institutional owners of the asset, has turned the software firm into a major holder of the cryptocurrency thanks to its aggressive accumulation strategy over the past four years.
If it continues to accumulate BTC over the next few years, Bernstein estimates that the company's assets could represent 1.5% of Bitcoin's total circulating supply by the end of 2025.