Reported 8 months ago
Analysts Gautam Chhugani and Mahika Sapra from Bernstein predict the value of Bitcoin (CRYPTO: BTC) to increase significantly in the next decade, with price targets of $200,000 by 2025, $500,000 by 2029, and $1 million by 2033. The analysts attribute this potential growth to increasing demand from institutional investors due to the approval of spot Bitcoin ETFs, as well as the fixed supply limit of 21 million coins through periodic halving events. This positive outlook is supported by the recent regulatory approval of spot Bitcoin ETFs and the historical trend of price appreciation following Bitcoin halving events.
Source: YAHOO