Analysts at Bernstein, which has more than $750 billion in assets under management, stated that their $200,000 Bitcoin forecast for the end of 2025 may remain ‘modest’. “We would like to emphasise that we have set a modest price on this issue,” the analysts led by Gautam Chugani said in the client note they shared today.

“Where there is so much debt …”

Analysts stated that the $200,000 price prediction in their report called ‘Bitcoin Blackbook’ in September 2023 may remain low and said the following:

“If you have doubts about Bitcoin … Perhaps you may think that this asset, which has a limited supply and has a value storage feature, is not such a bad investment tool at a time when the US government debt is breaking records”

In the client note, it was also written that people or institutions who are sceptical about Bitcoin and hesitant to buy can turn to the shares of MicroStrategy and mining companies. Bitcoin mining companies RIOT and Cleanspark were recommended for their access to energy resources, while Core Scientific was recommended for the ‘hosting’ services it provides to artificial intelligence companies.

Analysts stated that Core Scientific has made a new $2 billion artificial intelligence deal and therefore its current market value is ‘extremely low’.