While Bitcoin's surpassing of $100,000 was met with great enthusiasm in the cryptocurrency industry, predictions regarding the future price of BTC have also begun to come in.
At this point, Bernstein analysts predicted that Bitcoin would replace gold as a store of value.
Speaking to CNBC, Bernstein analyst Gautam Chhugani predicted that Bitcoin could replace gold within the next decade and become an indispensable core asset for institutional portfolios and corporate treasury management.
Gautam Chhugani emphasized that the significant increase in Bitcoin’s price was largely driven by market expectations following the US elections, noting that this expectation is that the Trump administration may implement more crypto-friendly policies.
After Bitcoin surpassed $100,000 in 2024 and surged 141%, Chhugani added that they expect it to reach $200,000 by the end of 2025.
Apart from Bernstein analysts, Standard Chartered analysts also predict that the Bitcoin price will double to $200,000 by the end of 2025.
*This is not investment advice.