According to a report from Bernstein Research, the price of Bitcoin could potentially reach $200,000 by the end of 2025 as it enters a new phase of institutional adoption.
This trend is already being seen, with global asset managers having invested around $60 billion in regulated exchange-traded funds, up from $12 billion in September 2022.
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The report also predicts that by the end of 2024, Wall Street will become the largest holder of Bitcoin, surpassing its creator, Satoshi Nakamoto.
BTC has been a strong performer in the ETF market, making up six of the top 10 most successful launches in 2024.
Leading financial analysts, such as Bernstein and JP Morgan, are increasingly optimistic about the future of BTC ahead of the upcoming US presidential election in November.