Bitcoin enters the 'era of infinity' this year, according to Bernstein. Its price will be 200,000 USD
The investment firm maintains its bullish projection for cryptocurrencies in 2025.
In this era, bitcoin (BTC) would stop being controversial, gaining widespread acceptance.
Bernstein maintains its projection of bitcoin at 200,000 dollars this very year.
According to the investment company Bernstein, the bitcoin (BTC) and cryptocurrency market enters this year into what it considers 'the era of infinity'. This is noted in a new report this week, where it reveals multiple predictions it has for this industry in 2025.
According to Bernstein's analysts, the era of infinity is 'a long period marked by relentless evolution and widespread acceptance, leading to a point where cryptocurrencies are no longer controversial, but part of the financial system built for the new smart era'.
'Cryptocurrencies are now firmly on the radar of corporations, banks, and institutions, entering the very fabric of our financial systems,' added the company's analysts.
Against this backdrop, Bernstein reiterates its price target for bitcoin at 200,000 dollars (USD) by the end of 2025, as they had indicated months earlier. Additionally, they foresee it reaching USD 500,000 by 2029 and USD 1 million by 2033. All of this in separate bullish trends interspersed with bearish periods in between.