According to The Block, analysts from Bernstein, a research and brokerage firm, said that their current price forecast for Bitcoin to reach US $200000 by the end of 2025 was "conservative", urging skeptics to reconsider the limited supply of cryptocurrency at a time when the US debt level reached a new high.

Bitcoin will reach $200000 in this cycle (by the end of 2025), "wrote Gautam Chhugani, head of digital assets at Bernstein, in a message to clients on Wednesday." Our forecast is conservative

Prior to this, Bernstein released the 'Bitcoin Black Book', which aims to enable institutional investors to access and invest in Bitcoin. Chhugani said: "If you are a bitcoin skeptic... perhaps, in a world where the US debt has hit new highs (currently up to $35 trillion) and the threat of inflation is still lingering, a limited supply of" value storage "digital assets is not a bad choice. If you like gold now, you should prefer bitcoin."

Alternative options

For investors who do not want to directly hold Bitcoin positions, Bernstein analysts suggest holding stocks in MicroStrategy, the world's largest publicly traded company in Bitcoin holdings, as well as Robinhood, which is continuously expanding its cryptocurrency services, as an alternative to indirectly investing in Bitcoin.

Chhugani emphasized the potential of cryptocurrency mining companies listed in the United States, such as Riot Platforms and CleanSpark, which are integrating gigawatts of electricity for Bitcoin mining. In addition, there are AI diversified companies like Core Scientific that manage Bitcoin mining operations while also utilizing their valuable power pipelines to meet the demand for AI hosting services.