Key Takeaways
- Bernstein predicts Bitcoin will reach $200,000 by the end of 2025.
- The firm cites Bitcoin’s limited supply and record U.S. debt as key factors.
- MicroStrategy and Bitcoin mining companies are recommended as alternative investment options by Bernstein.
Analysts at Bernstein have predicted that Bitcoin will hit $200,000 by the end of 2025, calling this forecast “conservative” given current economic conditions.
Gautam Chhugani, Bernstein’s lead for digital assets, outlined the forecast in a note to clients on Wednesday, emphasizing Bitcoin’s limited supply as a “store of value” asset in a world with soaring U.S. debt levels, which now stand at $35 trillion.
Chhugani’s prediction follows Bernstein’s recent “Bitcoin Blackbook,” aimed at educating institutional investors.
He encouraged Bitcoin skeptics to consider its advantages in the current economic climate, stating:
If you like gold here, you should love Bitcoin even more.
Alternates
For those hesitant to invest directly in Bitcoin, Bernstein recommended alternative options like MicroStrategy, which holds the largest corporate Bitcoin treasury, and Robinhood, which is expanding its Bitcoin services.
Additionally, Chhugani pointed to companies like Riot Platforms and CleanSpark for Bitcoin mining exposure, and Core Scientific for its AI hosting capabilities alongside mining operations.
