A $200,000 Bitcoin? This is the scenario that Bernstein gives us today in a note published this Monday. Indeed, while the price of BTC remains stable around $90,000, speculation about its future continues to fuel discussions. And, in this little game, Bernstein analysts are often very talkative.
So, while they called last week to invest massively in the queen of cryptocurrencies, the famous investment company recently published a report which could well make even more investors dream. According to them, Bitcoin could reach the $200,000 mark, but under certain conditions. This requires the alignment of 4 planets. Explanations.
- Bernstein mentioned a scenario where Bitcoin could reach $200,000 under certain economic and financial conditions.
- The US Federal Reserve's interest rate cut and potential approval of Ethereum ETFs are seen as key catalysts for this rise.
A pro-Bitcoin administration: strategic appointments
Planet Trump. It is already well installed and solid on its supports. Indeed, the election of Donald Trump is already having positive repercussions for Bitcoin. His political transition highlights pro-crypto candidates for key positions.
In addition to the appointment of a new president for the SECreplacing Gary Gensler, whose restrictive policies have slowed down the sector which is expected, the future Treasury Secretary could also play an important role, with two candidates in the running:
- Scott Bessantfavorite of traditional markets,
- Howard Lutnickpassionate advocate of Bitcoin. Supported by Elon Musk and Robert F. Kennedy Jr., Lutnick advocates Bitcoin as a solution to inflation and the decline of the dollar as the world's reserve currency.
These appointments, regardless of their outcome, should mark the start of an era of more accommodating crypto regulation, therefore already fueling market optimism.
A national strategic reserve in Bitcoin
The Economy Planet. It is also a definite catalyst according to Bernstein. Trump promised during his campaign to create a national strategic reserve in Bitcoina project which is now taking shape. The senator Cynthia Lummis introduced a bill – the BITCOIN Act – aimed at allowing the United States to acquire up to 5% of the total Bitcoin supply over five years, the equivalent of 100 billion dollars at the current price.
This project, if adopted, could generate colossal buying pressure on the market, further strengthening Bitcoin's status as a strategic asset.
Favorable regulation promises
The regulation planet. Perhaps the most toxic at the start. And yet. The end of regulatory crackdown under Trump is another major catalyst. Several pro-crypto initiatives are already under discussion: transforming the United States into a global Bitcoin mining hub with adapted energy policies, eliminate the banking barriers imposed by the “Choke Point 2.0” operation, and facilitate crypto companies’ access to financial services. Furthermore, clear regulation for stablecoins and a transfer of skills towards CFTC could replace the SEC's strict approach.
According to Bernstein analysts, these measures could revive the crypto bull market, positively impacting Bitcoin, but also Ether (ETH) and projects like Solana (SOL).
Booming institutional demand
A rather welcoming planet! According to Bernstein, this is the other driving force behind this rise, which is the growing demand from institutions. With assets under management for Bitcoin ETFs reaching 92 billion dollarsand weekly net flows exceeding $1.7 billioninstitutional investors are increasing their exposure.
Companies like MicroStrategyled by Michael Saylor, continue to accumulate Bitcoin, with a goal of acquiring 42 billion dollars additional over the next three years.
The goal of $200,000 by 2025 may seem ambitious, but the catalysts discussed – from favorable regulation to institutional demand – lay a solid foundation for this scenario. Bitcoin could well become, as some say, the “currency of freedom”an essential asset in a world in search of economic stability.
It remains to be seen whether the market is ready to embrace this new era. One thing is certain: the story of Bitcoin is far from over.
