Bernstein: As the "unlimited era" of Cryptos begins, Bitcoin is expected to double by the end of the year.
According to the Zhiyuan Finance APP, Bernstein, a well-known investment institution on Wall Street, predicted in a recent report that the price of Bitcoin, the largest cryptocurrency by market cap, will continue its "super bull market curve" this year, forecasting that Bitcoin will experience triple-digit increases again in 2025, referring to 2025 as the "Infinity Age" in the cryptocurrency sector characterized by continued soaring of Bitcoin, boldly asserting that Bitcoin will reach the historic milestone of 0.2 million dollars in 2025.
Since the successful issuance of the Bitcoin ETF in 2024, Bernstein has maintained a bullish outlook on Bitcoin's price trends, being hailed as the "flag bearer of the cryptocurrency bull market". Analyst Gautam Chughani from Bernstein wrote in the report that after last year's insane 120% surge breaking the important milestone of 0.1 million dollars, Bitcoin is expected to rise more than 100% this year, reaching the significant threshold of 0.2 million dollars, as Bitcoin is increasingly integrated into the traditional financial system and gradually accepted by mainstream investment institutions on Wall Street and traditional financial institutions in Europe.
In this report, Bernstein's analyst Chughani describes the "Infinity Age of Cryptos" as "a very long period characterized by the continual evolution, iteration, and widespread acceptance of the cryptocurrency system, ultimately reaching a point where there is no further controversy regarding cryptocurrencies. We believe it will ultimately become a part of an innovative financial system entirely built for the new intelligent era," Bernstein pointed out in the report.
The report points out that although it is uncertain whether sovereign-level investment institutions, such as the Abu Dhabi sovereign investment fund and the Saudi sovereign investment fund PIF, will begin purchasing Bitcoin this year, the proportion of corporate-level cash flow reserves and Bitcoin Exchange-Traded Funds (i.e., Bitcoin ETF) within the total Bitcoin holdings is gradually increasing.
Bernstein noted that the target price of 0.2 million dollars provided by the institution does not take into account any demand from government-led investment institutions or sovereign wealth funds, but only considers the investment demand from private institutions and individuals and enterprises.
Bernstein expects that the scale of inflows at the corporate level is expected to increase to about 50 billion dollars in 2025, while the scale during the collective carnival of cryptos in 2024 was only 24 billion dollars, with MicroStrategy (MSTR.US), known as a "Bitcoin holder giant" and "Bitcoin shadow stock," remaining a key player.
Bernstein also expects that this year the US stock market's Bitcoin ETF (represented by Blackrock's iShares Bitcoin ETF IBIT) will attract over 70 billion dollars in net inflow, which is expected to be significantly higher than the 35 billion dollars predicted for 2024. This will also be a key driving force for Bitcoin to challenge the 0.2 million dollar mark in 2025.
Renowned writer Oriental Trader from Seeking Alpha recommends not to be aggressive in going long on Bitcoin and other popular cryptos near the current historical High Stock Price, and he also advises against shorting Bitcoin because "the price of Bitcoin is unpredictable and has potential for continuous growth, despite significant volatility during the upward period."
"Bitcoin whale" MicroStrategy's founder: Bitcoin is comparable to "Network Manhattan."
On Wall Street, bullish sentiment towards Bitcoin is very strong. Analysts generally believe that, with the incredible cash吸引力 of the Bitcoin ETF helping, and more crucially, that once Trump is officially in office, the US government may implement more lenient regulatory measures for cryptos. Bitcoin's price is expected to reach new highs in 2025. Currently, Bitcoin's price seems to be in an adjustment period, hovering around 0.095 million dollars.
Trump has repeatedly emphasized the goal of making the USA the "capital of cryptocurrency" and a "superpower in Bitcoin." The support stance of Trump and new members of the US government cabinet towards Bitcoin is driving global funds towards increasing demand for this country's digital asset-type funds (such as Bitcoin ETF and Ethereum ETF) as well as cryptos derivatives contracts.
In comparison to the cryptocurrency market's total market cap of 3.2 trillion dollars that has already been reached, the market cap of the cryptocurrency market in November has surpassed that of Microsoft (MSFT.US), one of the seven major tech giants in the USA. In the global equity rankings, it is only behind NVIDIA (NVDA.US) and Apple (AAPL.US), the two major 'super giants', meaning if the cryptocurrency market is treated like a stock, its market cap is only second to NVIDIA and Apple, far ahead of Amazon, Google, Meta, Tesla, and Saudi Aramco, among other top global listed companies.
Wall Street has begun to look forward to a new wave of investment after Trump's official inauguration. Not only does Bernstein forecast Bitcoin reaching 0.2 million dollars by 2025, but also Geoff Kendrick, the global head of digital asset research at Standard Chartered Bank, recently predicted that Bitcoin's price will exceed 0.1 million dollars by the end of 2024, stating that by the end of 2025, Bitcoin's price will reach 0.2 million dollars. CoinShares indicated that a more favorable regulatory environment in the USA in 2025 will become the main driving force supporting the Bitcoin bull market, and in the long run, Bitcoin will reach 0.25 million dollars.
MicroStrategy, known as a "big holder of Bitcoin", is considered one of the biggest winners in this wave of crypto investment frenzy since 2024. With Bitcoin's price repeatedly hitting new highs and breaking through the epic barrier of 0.1 million dollars, MicroStrategy's stock price surged by 360% in 2024, far exceeding the gains of NVIDIA, the biggest winner in the AI boom. The leader of MicroStrategy recently compared Bitcoin to New York and its economic growth engine, calling it "Network Manhattan."
"We will only ever buy top Cryptos, every day is a good day to buy Bitcoin, even buying at the High Stock Price is an optimistic investment." MicroStrategy founder and Director Michael Saylor recently stated in an interview. "A hundred years ago, two hundred years ago, and every day in the past 300 years, I would buy Manhattan's Assets. Perhaps you pay a little more than those who bought Manhattan assets before, but investing in the economic capital of the free world is always a good investment."