According to the latest report from Bernstein, the Bitcoin (BTC) bull run is still in its early stages, with strong momentum from institutional money, favorable policies, and growing recognition for BTC.
Bitcoin Is Becoming "Digital Gold"
Experts at #Bernstein believe that BTC is repositioning itself as a strategic asset, gradually replacing gold in global investment portfolios. With banks, investment funds, businesses, and governments increasingly adopting Bitcoin, BTC is becoming a direct competitor to gold as a store of value.
Notably, Bernstein revealed that the U.S. government may be considering issuing debt or selling gold reserves to raise funds for the Bitcoin accumulation plan.
Institutional Cash Flow - The Main Driver of the Bull Run
The launch of spot Bitcoin ETF funds has opened the floodgates to massive capital from the traditional financial sector. The Mubadala Investment Company fund of the Abu Dhabi government recently invested $436 million into a Bitcoin ETF, indicating growing interest from institutional investors.
In addition to Mubadala, a host of leading financial institutions such as #GoldManSachs , DRW Holdings, Susquehanna, Barclays, and Morgan Stanley are also aggressively investing in Bitcoin ETFs, laying a solid foundation for this growth phase.
Donald Trump's Victory - A Strong Boost for Bitcoin
Bernstein emphasized that Donald Trump's victory in the 2024 U.S. election is a significant boost for the crypto market. Under Trump, cryptocurrency policies are expected to be more open, paving the way for BTC to continue its surge.
Previously, Bernstein forecasted that if $TRUMP wins, Bitcoin could reach $80,000 - $90,000 by the end of 2024. However, reality has exceeded expectations as BTC not only reached this threshold but also broke the $100,000 record.
Could Bitcoin Reach $200,000 by the End of 2025?
With the current favorable factors, Bernstein predicts that Bitcoin could reach $200,000 by the end of 2025.
At the time of writing, BTC is trading around $95,400, recording an increase of over 86% in one year. With institutional capital continuously pouring in, $BTC may be on the brink of an unprecedented growth cycle.