Bernstein prepared a presentation for investors, during which the analysts predicted the growth of bitcoin in the coming years.
They believe that institutional adoption of the digital currency will accelerate following the emergence of spot crypto ETFs in the US stock market.
By 2025, the value of BTC will rise to $150,000. Thus, Bernstein predicts the bitcoin exchange rate will strengthen almost fivefold.
According to the company’s analysts, ETF funds investing in BTC accumulate more than 10% of the turnover of the largest digital currency.
Bernstein strategist Gautam Chhugani emphasized:
“Bitcoin should not be treated as a commodity. Bitcoin-ETF approval is inevitable, and after that a new period in the development of the industry awaits us.”