Bernstein Research has concluded that the slowdown in revenues for the Bitcoin ETF will only be temporary, and predicts that the value of the first cryptocurrency will continue to rise to $150,000.
Although there were net outflows of $83.6 million from digital gold exchange-traded funds on April 28, this is seen as a short-term pause before the integration of ETFs into private banking, wealth advising, and brokerage platforms.
The experts believe that it will take time for digital gold to become a recommended diversification asset in investment portfolios and for these platforms to prepare for regulatory compliance when selling ETF products.
The analysts also reaffirmed their forecast of $150,000 for Bitcoin by the end of 2025, taking into account net inflows of $12 billion into Bitcoin ETFs and the strength of miners after the halving.
