Analysts at Bernstein project a Bitcoin price target of $200,000 by the end of 2025, independent of the results of the upcoming U.S. elections. Gautam Chhugani, the senior analyst at the firm that specializes in crypto assets, made this prediction a few days before the election, saying that the event would not affect the price of Bitcoin in the long term. Chhugani’s bullish prediction is supported by several significant factors. He says that once the “Bitcoin genie is out of the bottle,” it will be hard to turn the clock back on the digital asset. The analyst identified higher US national debt, the question of US monetary policies, and the rise in demand from US spot ETFs as the main factors that could lead Bitcoin to the $200,000 mark. Bernstein’s prior target from late last month was $100,000 and stated that the price would rise, which suggests that the current six-figure price tag is quite plausible.
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Global net inflows into digital asset products reached $2.2 billion, the highest since July, driven by optimism surrounding the US elections. The United States led with $2.3 billion in inflows as investors anticipate crypto-friendly regulations from a potential Republican-led government. Global trading volumes in crypto investment products rose by 30%, reflecting increased demand for digital assets.
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