As a seasoned crypto investor with a keen interest in market trends and analysis, I’m thrilled to see Bernstein analysts raise their Bitcoin target to $200,000 by 2025. The influx of Spot Bitcoin ETFs is a game-changer, and I believe this will significantly catalyze the massive price surge predicted by these analysts.
Experts at international investment firm Bernstein have updated their earlier Bitcoin price prediction to $200,000, attributing this significant increase to the anticipated influx of funds from Spot Bitcoin Exchange-Traded Funds (ETFs), which could potentially spark such a price rise.
Bernstein Analysts Raise Bitcoin Target To $200,000
As analysts at Bernstein, my team and I have recently updated our Bitcoin price forecast for our clients. Based on our current analysis, we believe Bitcoin could potentially reach a price of $200,000 by the end of 2025. This is an upward revision from our earlier prediction in May, when we anticipated Bitcoin hitting $150,000. We also disclosed then that we expected approximately $70 billion in inflows from Spot Bitcoin ETFs between 2024 and 2025.
As a crypto investor, I’ve been following the market closely and have noticed that analyst predictions for Bitcoin’s price have become more concrete. They believe that the approval of Spot Bitcoin Exchange-Traded Funds (ETFs) will be the catalyst driving Bitcoin’s price to reach $200,000 by next year. The demand for these ETFs is estimated to potentially grow and represent around 7% of the total circulating Bitcoin supply.
As an analyst, I’ve observed that there is growing anticipation among industry players for Spot Bitcoin Exchange-Traded Funds (ETFs) to gain substantial traction. This optimism stems from potential approvals from prominent financial institutions such as major wirehouses and large private banking platforms in the third and fourth quarters of this year. Furthermore, approximately 80% of the inflows into Spot Bitcoin ETFs are attributable to self-directed retail investors who invest through brokerage platforms.
Institutional investor interest in Spot Bitcoin ETFs is currently in its nascent stage, but as the market progresses, this demand may significantly increase, leading to a substantial surge in investments.
As a researcher studying the trends in investment flows, I’ve observed that Bernstein analysts reported approximately $15 billion in new net investments towards ETFs collectively. Simultaneously, data from Farside reveals that Spot Bitcoin ETFs have amassed a total of $14.66 billion since their launch on January 11.
Based on the surging interest and substantial investment in Bitcoin exchange-traded funds (ETFs), analysts project that these funds will represent approximately 7% of the total circulating supply of Bitcoin by 2025, and 15% by 2033. Furthermore, they forecast that the AuM, or assets under management, for Spot Bitcoin ETFs will amount to $190 billion at the peak of the market in 2025, and an impressive $3 trillion by 2033.
The analyst’s bullish outlook reflects their strong belief in the potential of Spot Bitcoin ETFs, a relatively new investment class. In just half a year, the managed assets for these ETFs have soared to an impressive $59.19 billion, with an average fee of 1.07%. This remarkable expansion is driven by major players in the asset management industry such as BlackRock and Fidelity.
BTC Price Enters Fresh Bull Cycle
According to Bernstein’s analysts, the recent Bitcoin halving on April 20 has initiated a fresh bull market run for Bitcoin. They made this observation in their note.
As a researcher studying the cryptocurrency market, I believe there’s a strong possibility that fresh catalysts will emerge, fueling a surge in Bitcoin (BTC) demand and pushing its price to unprexeted heights. Conversely, according to crypto analyst Michael van de Poppe’s assessment, Bitcoin has probably hit its lowest point within the $63,000 to $65,000 price range.
At present, Bitcoin is priced at $63,865 during this writing, representing a 4.76% drop over the past week. According to analyst Poppe’s forecast, there might be an imminent turnaround, and Bitcoin could potentially regain upward momentum in the near future.
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2024-06-22 00:40