This forecast is up from the previous $150,000 prediction that Bernstein shared. Additionally, analysts expect the BTC ETF to account for nearly 7% of the entire Bitcoin supply by the end of next year.
Bernstein increases BTC prediction for 2025
According to CoinMarketCap, despite the recent market downturn, Bitcoin is still trading at over $65,000. The asset is one of the most talked about aspects in the financial sector after being approved by a spot ETF earlier this year. Furthermore, the approvals caused the token to reach an all-time high of $73,000 in March.
However, many companies expect that value to change. Specifically, Bitcoin is predicted to increase to $200,000 by 2025 according to Bernstein Analytics. The firm noted that the ETF will continue to be a game changer for the leading cryptocurrency in the next calendar year.
“We see Bitcoin ETFs approaching approval at major private banking platforms/in Q3/Q4,” analysts Gautam Chhugani and Mahika Sapra wrote. “Institutional basis trading looks like a ‘trojan horse’ for adoption and these investors are in the process of evaluating ‘net long’ positions.”
The company also noted that a total of $15 billion in inflows were brought in by BTC ETFs. Furthermore, they predict issuers will reach $190 billion in assets under management next year. However, they also predict that number will reach a notable $3 trillion by 2033.
