Analysts at a global asset management company Bernstein they revised their previous Bitcoin target to $200,000, anticipating the inflow Bitcoin ETF spot inflows catalyzing this massive price raise.
Bernstein Analysts Raise Bitcoin Target to $200,000
In a note to clients, Bernstein analysts Gautam Chhugani and Mahika Sapra predicted that Bitcoin could reach $200,000 by the end of 2025. This modern price target comes after the analysts predicted that BTC would reach $150,000 earlier in May. Analysts revealed at the time that they expected around $70 billion inflows from Spot Bitcoin ETFs between 2024 and 2025.
Analysts currently think so confirmed their predictions, reiterating that Spot Bitcoin ETFs will be a factor in Bitcoin’s price rising to $200,000 next year. Analysts have estimated this Spot BTC ETFs demand may raise and account for approximately 7% of total BTC in circulation.
They revealed their expectations for Spot Bitcoin ETFs significantly raise adoptionhighlighting opportunities to obtain approvals from major and huge manufacturing facilities private banking platforms in the third and fourth quarters. Analysts also revealed that almost 80% of inflows into Spot Bitcoin ETFs are generated by retail investors who invest through brokerage platforms.
They believe that institutional investor demand for Spot BTC ETFs is still in its early stages. However, as the market develops interest of institutional investors could raise, significantly increasing the current inflow of Spot Bitcoin ETFs.
Bernstein analysts wrote in client notes that ETFs have now collectively generated about $15 billion in net modern flows. Cumulative inflows in Spot Bitcoin ETFs according to Data from the other sidehas reached $14.66 billion since its launch on January 11.
Due to the high demand and huge capital flowing into this asset class, analysts expect Spot Bitcoin ETFs to account for the equivalent of 7% Circulating supply of BTC by 2025 and 15% by 2033. They also predict that the Spot Bitcoin ETF’s total assets under management (AuM) will reach $190 billion at the “25E market peak” and as much as $3 trillion by 2033.
This bullish forecast highlights the analyst’s confidence in Spot BTC ETFs despite it being a newly discovered asset class. In less than six months, the total value of assets under management of Spot Bitcoin ETFs has increased adult to $59.19 billion, with an average expense ratio of 1.07%. Leading asset management companies such as are behind this massive growth Black RockFidelity and others.
BTC price is entering a fresh bull cycle
In their note, Bernstein analysts also declared that BTC has officially entered a modern bull market cycle. Analysts revealed that yes bull cycle is currently driven by the recent Bitcoin halving event, which took place on April 20.
They anticipate growth modern catalysts this could raise demand for BTC, pushing its price to modern levels. In contrast, cryptocurrency analyst Michael van de Poppe did predicted that BTC has likely bottomed in the $63,000 to $65,000 price range.
At the time of writing, the cryptocurrency is trading at $63,865, reflecting a weekly decline of 4.76%. Poppe suggested a potential reversal on the horizon, predicting that Bitcoin could be there upward momentum Soon.
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