Bitcoin Could Hit $150,000 by 2025 If SEC Approves Bitcoin ETF, Analysts Predict
-
Bernstein analyst predicts Bitcoin could reach $150,000 by 2025 due to potential SEC approval of a Bitcoin ETF in 2024.
-
Prediction echoes JP Morgan's analysis that there's a 90% chance of a Bitcoin ETF by January 2024.
-
Bernstein previously bearish on Bitcoin but now sees ETF opening crypto to mainstream investors.
-
Target price is nearly 5x current Bitcoin price of $34,000 and over 2x its all-time high.
-
Bitcoin has rallied recently to $35,000 for the first time since May 2022 on increased hopes for ETF approval.