Bitcoin As fluctuating price movements continue, a new report came from the investment company Bernstein.
According to Coindesk news, Bernstein analysts in a report published today BTCHe said they expect it to quadruple by mid-2025 and become an asset with a market value of more than $3 trillion.
B.Stating that the TC price will quadruple by mid-2025, analysts stated that Bitcoin fundamentals have never looked this good.
At this point, analysts led by Gautam Chhugani said that 70% of the circulating supply was not traded last year and included the following statements in the report:
“70% of the circulating Bitcoin supply was not traded last year.
While this figure is the highest level of all time in Bitcoin history, it is especially extraordinary for BTC, which is known for its exponential movements with limited supply.
Other catalysts for the BTC price include the halving, which is scheduled to occur in April or May 2024, and the potential approval of a spot Bitcoin ETF.
“At this point, the SEC continues to evaluate spot Bitcoin ETF applications from leading asset managers, while the US remains on track for approval in early 2024.”
Bitcoin is at $37,200 at the time of writing.
*This is not investment advice.
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