Bitcoin

Billion

The recent research note from Bernstein on Bitcoin is highly positive, predicting a $150,000 value by the end of 2025. According to analysts Gautam Chhugani and Mahika Sapra, in spite of recent market corrections, Bitcoin still stands in a healthy cycle, indicating that early-stage growth has attractive risk-reward potential. 
The cryptocurrency has recently corrected to a local low of around $57,000, which, according to analysts, should decrease some of the overleverage in future contracts over crypto exchanges. This adjustment is seen as a positive cleanup that could pave the way for more sustainable growth in Bitcoin’s market value. 
Also, Bitcoin exchange-traded funds (ETFs) in the U.S. have reversed from consistent outflows to record net inflows. 
Notably, Grayscale’s converted <a href="https://www.cryptotimes.io/2024/05/04/gbtc-sees-63m-inflows-breaking-4-month-outflow-streak/">GBTC ETF witnessed $63 million in net inflows</a> last Friday, breaking a 78-day streak of net outflows. Investor interest in ETFs signals growing confidence in Bitcoin’s stability and growth potential. 
These insights from Bernstein underline a robust outlook for Bitcoin, and analysts highlight Bitcoin’s durability and continued attractiveness to investors. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also read: <a href="https://www.cryptotimes.io/2024/05/06/bitcoin-hits-1-billion-transactions-after-15-years-history/">Bitcoin Hits 1 Billion Transactions After 15 Years History</a> 
</blockquote>

Analysts Predict Bitcoin to Reach $150,000 by End of 2025

The Crypto Times

Altri articoli pubblicati su 6 mag 2024

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