Bernstein: Bitcoin will replace gold in the next decade

According to the CNBC report, Bernstein predicts that Bitcoin will replace gold as the primary "store of value" in the next ten years and become an indispensable part of institutional and corporate financing. Bernstein analyst Gautam Chhugani issued this report after Bitcoin reached $100,000, with a 141% annual growth rate, most of which occurred after the US election, due to the expected cryptocurrency-friendly policies of the Trump administration. They predict that Bitcoin may reach $200,000 by the end of 2025. Gil Luria of DA Davidson also believes that Bitcoin is an appreciating asset with relatively low correlation to inflation, unlike gold, indicating that its value is driven by adoption rather than traditional economic indicators. However, he noted that the journey for Bitcoin to become a mainstream medium of exchange and unit of account is still long.