While Bitcoin is trying to recover after the sharp declines it experienced, a new report came from the US investment company Bernstein.
Reiterating their predictions of $ 200,000 for Bitcoin by the end of 2025, Bernstein analysts stated that their predictions that BTC will reach $ 500 thousand by the end of 2029 and $ 1 million by the end of 2033 are valid.
Bernstein, whose BTC price expectations have not changed, drew attention to the trend towards the artificial intelligence sector.
At this point, Bernstein analysts stated that Bitcoin (BTC) miners are attractive partners to help establish artificial intelligence (AI) data centers, thanks to their existing power sources and operating capabilities, and drew attention to mining companies Iris Energy and Core Scientific in this field.
Analysts led by Gautam Chhugani said:
“Bitcoin miners are emerging as attractive partners for building AI data centers with 'ready power connection' and 'data center operating' capabilities.
At this point, we expect 20% of Bitcoin miners' power capacity to shift to AI by the end of 2027, led by Bitcoin mining and AI hybrid companies such as Core Scientific, IREN and Hut 8.”
The report also noted that recent AI deals, including Core Scientific's (CORZ) 12-year deal with CoreWeave and Coatue Management's $150 million investment with Hut 8 (HUT), have become major catalysts for the industry.
*This is not investment advice.