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AllianceBernstein forecasts a surge to $150,000 for Bitcoin, citing substantial inflows into approved ETFs.
Following a recent record high, Bitcoin is poised to reach $150,000 per coin, as projected by global investment firm AllianceBernstein.
The firm emphasizes the ongoing influx of funds into newly sanctioned exchange-traded funds (ETFs), indicating a sustained upward trajectory for Bitcoin’s value.
Initial estimates last year anticipated Bitcoin hitting $150,000 by 2025, a milestone now deemed increasingly probable by the firm.
Bitcoin’s recent surge saw it surpass $72,000, indicating robust market momentum.
According to AllianceBernstein analysts Gautam Chhugani and Mahika Sapra, Bitcoin’s integration into traditional asset portfolios is still nascent.
Their prediction aligns with the substantial inflows into Bitcoin ETFs, with over $9.5 billion recorded since the ETF launch in January.
The approval of 11 spot Bitcoin ETFs by the U.S. SEC in January has proven highly successful, with significant daily investments pouring into these funds.
The accessibility provided by Bitcoin ETFs enables investors to participate in the digital asset market seamlessly.
AllianceBernstein underscores the untapped potential of Bitcoin investments within IRAs, private banks, and traditional capital pools, indicating further room for appreciation.
The firm also suggests Bitcoin mining stocks as a promising avenue for investors seeking lucrative returns.
