Analysts at brokerage company Bernstein confirmed their forecast for a Bitcoin price of $150,000 by the end of 2025. They also expect a recovery in the bullish trajectory after the halving in 2024. This is reported by The Block with reference to experts.
Bernstein noted that the halving itself will not lead to an increase in the price of the first cryptocurrency without new demand. According to them, miners will be able to mine fewer bitcoins, so the potential pressure on the market will decrease significantly over time. They added that new demand catalysts lead to an increase in the price of an asset in each cycle.
In addition, they predicted that by 2025, the inflow of funds into Bitcoin ETFs will reach $80 billion.
Source: Cryptocurrency
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