Bernstein: Reiterates that Bitcoin will rise to $200,000 by the end of 2025

ChainCatcher news, according to The Block, research firm Bernstein stated in a report that it reiterates its prediction that Bitcoin will rise to $200,000 by the end of 2025.

Bernstein indicated that this is driven by expectations of unprecedented demand from spot Bitcoin ETFs and the marginal production cost model of Bitcoin miners. Ultimately, the analysts' target is for Bitcoin prices to reach $500,000 by the end of 2029 and $1,000,000 by 2033.