Bitcoin Could Hit $150,000 by 2025, Says Bernstein.

Financial brokerage firm Bernstein has released a report, projecting that Bitcoin could reach an impressive $150,000 by 2025, based on the 2024-2027 cycle. This prediction reflects growing confidence in Bitcoin's long-term potential.

Bitcoin Could Hit $150,000 by 2025, Says Bernstein.

Financial brokerage firm Bernstein has released a report predicting that Bitcoin (BTC) could soar to a remarkable $150,000 during the 2024-2027 cycle. The report highlights the cyclical nature of Bitcoin price cycles, which typically follow four-year patterns coinciding with Bitcoin halving events. According to Bernstein Report: Bitcoin Hit $150000 by 2025, marking a remarkable surge, the next Bitcoin halving is expected in April 2024.

This event will push Bitcoin to reach a cycle high of $150,000 by mid-2025. This prediction has generated significant interest in the cryptocurrency market and prompted a closer examination of Bitcoin mining stocks, particularly in North America.

The report notes that Bitcoin miners are evolving into industrial-scale enterprises, with North America gradually gaining market share and surpassing China. This shift is attributed to strong operational efficiency, low production costs due to cheap electricity, high liquidity, and robust balance sheets among North American miners.

Bernstein also provided its outlook on specific mining stocks. The brokerage firm expressed a preference for Riot Platforms (RIOT) and CleanSpark (CLSK), assigning both companies an “outperform” rating. Analysts Gautam Chhugani and Mahika Sapra at Bernstein highlighted Riot and CleanSpark as market share consolidators with a competitive edge driven by their self-mining models. These companies benefit from low power costs and have minimal debt, contributing to their advantage in the market.

However, the report was less optimistic about Marathon Digital (MARA), assigning a “market-perform” rating with an $8.30 price target. Despite being the largest miner in the industry, Marathon Digital has higher production costs than its peers and needs an operational edge. The company is also reliant on hosting partners.

What sets Riot and CleanSpark apart, according to Bernstein, is their counter-cyclical investment strategy in Bitcoin self-mining capacity. While some miners have shifted their focus towards AI and high-performance computing, Riot and CleanSpark continue to invest in Bitcoin mining. The report anticipates that this approach will prove successful as the Bitcoin price cycle turns in its favor.

Overall, Bernstein’s prediction of Bitcoin hit $150000 by 2025 has garnered attention and sparked further exploration of Bitcoin mining stocks, particularly in North America. Investors will closely watch how these predictions and trends appear in the coming years.

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