Bitcoin will still reach $150,000 by 2025, Bernstein reaffirmed in a new note.
ETF and spot bitcoin demand has remained strong, analysts wrote.
"Investors ask us if anything has changed on our $150K Bitcoin price view and if the post-halving price correction has affected our conviction.
Second, rule updates from the Financial Accounting Standards Board pertaining to crypto are driving corporate interest in bitcoin, Bernstein said.
Advertisement"Overall, healthy Bitcoin demand and continued discipline in the Bitcoin mining cycle, allowing the Bitcoin party to last longer this time.
Persons:
Bitcoin, Bernstein, —, Gautam Chhugani, Mahika Sapra, Block, Chhugani, Bernstein isn't, bitcoin
Organizations:
Service, ETF, Financial, outflows, Chartered, ~$
Locations:
outflows, bitcoin