Alliance Bernstein analyst: Still confident in Bitcoin's potential to reach $150,000 by 2025
Golden Finance reported that Alliance Bernstein analysts Gautam Chhugani and Mahika Sapra remain confident in Bitcoin's potential to reach $150,000 by 2025. They said: I feel better about this call, and Bitcoin indicators indicate a healthy cycle, but it is still in the early stages. Analysts believe that the recent drop in Bitcoin prices to about $57,000 is a beneficial adjustment that cleans up excess leverage in cryptocurrency exchange futures contracts, thereby enhancing market stability. They believe that BTC is far from finished and point out that the risk-reward here is still attractive. In addition, analysts pointed out that even Grayscale's converted Bitcoin ETF (GBTC) recorded a net inflow of $63 million for the first time on Friday after 78 consecutive days of outflows, and emphasized: Considering that GBTC has been the source of a large amount of continuous selling, and the new 9 ETFs must absorb these sell-offs, this is significant.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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