Bernstein: “BTC $200K Next Year Is Not an Impossible Goal”

According to , US investment bank Bernstein said in a client note that "Bitcoin is rapidly approaching its 2025 target price of $200,000. Now that BTC is aiming to break through $100,000, $200,000 is no longer an unrealistic target." Earlier, Bernstein first proposed a target price of $200,000 for Bitcoin in 2025 in June, and on the eve of the US presidential election, he said that "regardless of whether Harris or Trump is elected president, Bitcoin will rise to $200,000 by 2025." Bernstein emphasized that "given that the Trump presidential transition team has recently brought in pro-cryptocurrency figures such as Pitt Helseth, Robert F. Kennedy Jr., and Elon Musk into the cabinet, the possibility of BTC breaking through $200,000 next year is very high. Moreover, if Trump grants the Commodity Futures Trading Commission (CFTC) more authority to regulate cryptocurrencies as he promised, it could be a boon not only for Bitcoin but also for altcoins. Trump's proposed plan to include BTC in strategic reserve assets may take considerable time, but the process of pushing this forward could serve as a sufficient catalyst for price increases. Finally, we believe that the BTC accumulation by companies led by MicroStrategy, the demand for BTC spot ETFs, and Bitcoin miners will be a key driver of the BTC price increase. The positive moves of these big players will also greatly reduce the downward pressure on Bitcoin."