Bitcoin Price Could Triple to $150,000 by 2025 Due to Halving and Growing Institutional Demand, Analysts Predict
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Bitcoin could soar 337% to $150,000 by mid-2025, according to analysts at Bernstein.
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April's halving will reduce bitcoin supply, while demand will jump with potential approval of spot bitcoin ETFs.
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Bernstein "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."
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Halving happens every 4 years, cutting the amount of bitcoin received for mining. This reduces supply.
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Bernstein analysts recommend Riot and CleanSpark as crypto miners worth investing in due to low power costs and strong balance sheets.