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Bernstein Calculates What Will Push Bitcoin to $200,000

Bernstein Calculates What Will Push Bitcoin to $200,000

HappyCoinNewsHappyCoinNews2024/11/20 21:11
By:HappyCoinNews

Analysts at Bernstein stated about what they know, who and what will push the Bitcoin rate to the $200,000 mark next year. According to experts, the appointment of new leaders at the US Securities and Exchange Commission (SEC) and the US Treasury Department will be of particular importance for the future of the first cryptocurrency, as well as for the entire market.

Experts are confident that these posts will be occupied by those who support cryptocurrencies, which will provoke an increase in the value of Bitcoin and other digital assets.

In addition, the decision to create a strategic reserve in bitcoins in the United States may also push up the Bitcoin quotes, experts believe. If this process is not delayed at the legislative level, then such a reserve in the first cryptocurrency may be formed as early as 2025. Following the United States, other countries will join this process, which will further push up the value of the asset.

According to experts, Bitcoin could reach $200,000 and beyond if large companies and banks continue to accumulate it on their balance sheets.

Thus, Bitcoin has a high chance of breaking $2025 in 200,000 if the above measures are implemented.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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