Bitcoin could hit $150,000 by 2025, predicts Bernstein
Publishing timestamp: 2023-10-31 14:48:57
Summary
Bernstein predicts that the price of bitcoin could rise to $150,000 by mid-2025, driven by optimism about the approval of a bitcoin ETF. The firm expects the U.S. Securities and Exchange Commission to approve the ETF by the first quarter of 2024. However, the article also mentions the challenges and uncertainties faced by the crypto industry, including regulatory concerns and recent lawsuits.
Sentiment: MIXED
Tickers: BNB.CM=, GBTC, BTC.CM=,
Keywords: exchange-traded funds, bitcoin/usd coin metrics, cryptocurrency, gary gensler, grayscale bitcoin trust (btc), breaking news: technology, bitcoin, business news, technology, binance/usd coin metrics,
Source: https://www.cnbc.com/2023/10/31/bitcoin-could-hit-150000-by-2025-predicts-bernstein.html