Bernstein: $100,000 is not the peak of BTC in this cycle, it is expected to reach $200,000 by the end of the year
Odaily Planet Daily reports that Bernstein analyst Gautam Chhugani believes the current cycle is "still in its early stages." Against the backdrop of a US government that strongly supports cryptocurrencies, he thinks cryptocurrencies can transition from speculative asset classes to utility-based digital capital markets. He explained: "We still believe that a Bitcoin price level of $100,000 is not the peak of this cycle. The Bitcoin market has great potential for further growth and we expect Bitcoin to reach a cyclical peak of $200,000 by the end of 2025. If there's still unease about macroeconomic risks and Trump-related disruptions in 2025, we might see the realization of Bitcoin's cyclical high point delayed. We may also see an extension of the bull market cycle for Bitcoin into 2026."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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