Bitcoin Price Predicted to Reach $150,000 by 2025, Analysts Say

Analysts at Bernstein have reiterated their prediction that the price of bitcoin will reach $150,000 by the end of 2025. They believe that despite a recent pullback in price, bitcoin is still in the early stages of a healthy cycle. The analysts point to several positive indicators, including the recent correction that cleaned up excess leverage on futures contracts, the reversal of outflows in bitcoin exchange-traded funds (ETFs), and strong overall inflows into ETFs over the past three months. They also highlight new encouragement for corporate treasuries to buy bitcoin, steady post-halving hash rate, healthy post-halving transaction fees, and subdued prices for bitcoin mining equipment as positive signs for the overall bitcoin market. Currently trading above $64,400, bitcoin continues to show promise according to the analysts.

Sources :
- TheBlock