Bitcoin projected to $200k by 2025: Bernstein Research

Bitcoin, the oldest and largest cryptocurrency in the world, is projected to achieve $200.000 by the end of next year. These projections, released by Bernstein Research, increase from the $150.000 price target last year.

Bernstein Research, an investment and research firm, published a Bitcoin price projection of up to $200.000 by 2025. There are a few factors including the U.S. election, institutional demand and adoptions, as well as potential regulatory changes that would bring the Bitcoin price surged into these new targets.

Donald Trump who wins the presidential race on Nov. 5 brings speculations that the Securities and Exchange Commission (SEC) chair and Secretary of Treasury will be filled by pro-crypto personalities.

Howard Lutnick, Cantor Fitzgerald CEO, and Key Square Group founder Scott Bessent potentially would replace Janet Yellen as cash-keeper.

Institutional demand will also boost the chance of Bitcoin surging next year due to several major companies acquiring Bitcoin or any crypto-related product such as exchange-traded fund (ETF). The latest one is Goldman Sachs increasing their number on BlackRock’s Spot Bitcoin ETF, iShares Bitcoin Trust ETF (IBIT) up to $710 million.

Bitcoin Act and Bitcoin Strategic Reserve plan were also introduced by the U.S. Republican Senator Cynthia Lummis to promote Bitcoin as a financial reserve besides gold.

Bitcoin bullish projection: $1 million by 2033

Bernstein analysts projected Bitcoin ETF would account for roughly 15% of the “digital gold” circulating supply by 2033. Bitcoin price in relation to the marginal cost of production could mean a surge to over $500.000 by the end of 2029 and $1 million by the end of 2033.

“We believe that the U.S. regulated ETFs were the watershed moment for crypto that brought in structural demand from traditional pools of capital,” Bernstein’s analysts Gautam Chhugani and Mahika Sapra.

Since being released in mid-January this year, according to CoinMarketCap, Bitcoin spot ETF has attracted around $28 billion in inflow. This move was also followed by other countries to release the same product in their respective nations.