According to analysts at Bernstein, several upcoming events could potentially drive the price of Bitcoin to their projected target of $200,000 by 2025.
In a Monday note to clients, led by Gautam Chhugani, the analysts stated that the current stage in the market could potentially lead to significant losses for those who are betting against Bitcoin.
The research and brokerage firm first set their target in June when Bitcoin was priced at $66,000, and now with the virtual currency approaching $100,000, their target may not seem as far-fetched.
Following the recent US presidential election, the transition team for President-elect Donald Trump has started filling top roles, with some notable nominations being made including Bitcoin advocates Robert F. Kennedy Jr. and Pete Hegseth as potential picks for Secretary of Health and Secretary of Defense.
