Analysts at Bernstein have reiterated their $200,000 Bitcoin price forecast for the end of 2025, describing it as “conservative.”
He suggested that investors interested in gold might find Bitcoin even more attractive.
For those hesitant to invest directly, Chhugani recommended shares of MicroStrategy, which has significant Bitcoin holdings, and Robinhood, which is enhancing its crypto services.
He also highlighted U.S.-listed firms like Riot Platforms and CleanSpark for their power resources for Bitcoin mining and AI companies like Core Scientific, which leverage energy for both AI hosting and Bitcoin mining.
The analysts also noted Core Scientific’s undervaluation after a $2 billion hosting extension with CoreWeave, which boosted its capacity significantly. They have given the company an “outperform” rating with a price target of $17, as its stock has risen by 147% this year.
Chhugani holds long positions in various cryptocurrencies, while Bernstein may receive benefits from its investment banking relationships with MicroStrategy and acts as a market maker in Riot Platforms’ debt securities.
Bitcoin’s network hashrate has fallen 3.5% since mid-June, marking the sharpest decline in computing power since July 2024.
Bitcoin has officially overtaken Alphabet (Google’s parent company) in global asset rankings, becoming the sixth most valuable asset in the world, according to the latest real-time market data.
Philippe Laffont, the billionaire behind Coatue Management, is beginning to question his stance on Bitcoin.
Personal finance author Robert Kiyosaki is urging investors to rethink their approach to money as digital assets reshape the economic landscape.