Bernstein: $200K Bitcoin in 2025 possible

Wall Street investment bank Bernstein said in a note to clients that Bitcoin (BTC) is rapidly approaching its 2025 target price of $200,000, according to The Crypto Basic. Now that Bitcoin is aiming to break through $100,000, $200,000 is no longer an unrealistic target, the firm’s analysts believe. Bernstein first set a Bitcoin 2025 target price of $200,000 in June, and on the eve of the U.S. presidential election, it suggested that regardless of whether Harris or Trump would be elected president, Bitcoin would rise to $200,000 in 2025. Bernstein remarked that the Trump transition team recently added pro-cryptocurrency figures such as Pete Hegseth, Robert F. Kennedy Jr. and Elon Musk to the cabinet. The investment bank also pointed out that if the Commodity Futures Trading Commission (CFTC) is granted more authority to supervise cryptocurrencies as Trump promised, it could be positive for not only Bitcoin but also altcoins. Furthermore, there is a plan to include Bitcoin as a strategic reserve asset, which could sufficiently serve as a price increase catalyst. Finally, the note points to Bitcoin purchases made by companies such as MicroStrategy, spot BTC exchange-traded funds (ETFs) and demand from Bitcoin miners playing a role in the Bitcoin price increase.