TD Cowen’s Bitanza sees BTC at $132K by 2027

Lance Bitanza, a managing director at global investment bank TD Cowen, projected at the New York Bitcoin Treasury Conference that Bitcoin could reach $132,000 by 2027, Bitcoin Magazine reported. He said Bitcoin is expanding beyond a simple investment asset into a capital markets ecosystem combining common stock, preferred stock, bonds and income-generating products. He added that during market downturns, survival may depend not only on Bitcoin holdings but also on a company’s underlying business competitiveness, and said Bitcoin treasury companies with strong operational capabilities could deliver investment returns above Bitcoin itself.