- Bitcoin’s price could potentially double by the end of 2025, according to analysts at investment firm AllianceBernstein.
- Despite current market conditions, experts predict a long bull run ahead for the cryptocurrency.
- The recent approval and popularity of Bitcoin ETFs are seen as key drivers for this predicted price surge.
Analysts predict a potential doubling of Bitcoin’s price by 2025, driven by the recent approval and popularity of Bitcoin ETFs. Despite current market conditions, a long bull run is anticipated.
Bitcoin Price Could Double by 2025
Bitcoin may currently be trading below its 2021 record high of $69,044, but that doesn’t mean its price can’t double by the end of 2025—or even sooner. This prediction comes from analysts at investment firm AllianceBernstein, who stated in a Monday report that they “feel even better” about their $150,000 price prediction for the biggest cryptocurrency. Despite the current market conditions, they foresee a long bull run ahead.
ETFs as Key Drivers
Both AllianceBernstein and British multinational bank Standard Chartered see the January launch of spot Bitcoin ETFs as a key driver for this predicted price surge. “ETF issuers continue to provide positive feedback from their dialogues with asset allocators, and this cycle we have seen the best institutional marketing engines at work (aka BlackRock, Fidelity),” the Bernstein pair wrote. They also argued that demand for the newly approved ETFs will continue, thus further driving up the price of the digital coin.
Recent Market Developments
In January, the U.S. Securities and Exchange Commission authorized 11 spot Bitcoin ETFs, allowing them to trade on stock exchanges. These funds have drawn a flood of capital into the market as ordinary investors sought exposure to the cryptocurrency via brokerage accounts offered by traditional financial firms like VanEck, BlackRock, and Fidelity. The price of Bitcoin hit a new all-time high of $73,747 two months ago, but has since struggled, dropping below $57,000 last week. However, with ETF outflows reversing course over the weekend, analysts suggest that it’s only up from here.
Conclusion
Despite current market conditions, experts predict a potential doubling of Bitcoin’s price by 2025, driven by the recent approval and popularity of Bitcoin ETFs. This optimistic outlook suggests a long bull run for the cryptocurrency, providing a promising future for investors.
