Global asset management firm Alliance Bernstein expects the price of bitcoin to reach $150,000 by 2025. The firm’s analyst has predicted “imminent” approvals of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), including those by leading asset management companies like Blackrock and Fidelity.
Alliance Bernstein: Bitcoin Could Hit $150K in 2025
Global asset management firm Alliance Bernstein expects the price of bitcoin to reach $150,000 by 2025, the firm’s senior analyst specializing in digital assets, Gautam Chhugani, wrote in a note Tuesday. This prediction is driven by optimism that the U.S. Securities and Exchange Commission (SEC) will soon approve spot bitcoin exchange-traded funds (ETFs).
“You may not like bitcoin as much as we do, but a dispassionate view of bitcoin as a commodity suggests a turn of the cycle,” the Bernstein analyst stated, elaborating:
A good idea is only as good as its timing — SEC approved ETFs by wo
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