Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Bernstein analysts call Bitcoin forecast at $200 conservative

Bernstein analysts call Bitcoin forecast at $200 conservative

HappyCoinNewsHappyCoinNews2024/10/23 20:30
By:HappyCoinNews

Analysts at research and brokerage firm Bernstein said their forecast for a $200 Bitcoin price by the end of 000 should be considered "conservative."

Bernstein's Head of Digital Assets Gautam Chugani explained why experts are so confident in the success of the main cryptocurrency:

If you're skeptical of Bitcoin... maybe a limited supply, digital "store of value" asset isn't such a bad thing in a world where U.S. debt is hitting new records ($35 trillion now) and inflation risks are only getting worse. If you like gold, you should love Bitcoin even more,” Chhugani said.

In this regard, Chhugani highlighted the potential of U.S.-listed companies like Riot Platforms and CleanSpark, which are consolidating gigawatts of Bitcoin mining power. He also mentioned Core Scientific, which is entering the AI ​​space to again increase its Bitcoin mining power.

Most often, bold price forecasts for Bitcoin are voiced at the moment of growth of the cryptocurrency, and from this point of view, these words are said by inertia, since after testing the $68000 mark, the BTC price has now dropped to the $65000 range.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!