Bitcoin (BTC) to Hit $150k By 2025, Bernstein Analysts Predict

A number of factors have been listed by Bernstein's analysts as they doubled down on their 2025 $150,000 Bitcoin (BTC) price target.

Bitcoin (BTC) price has retraced to some extent over the past few weeks and is barely holding on to the $68k level, but Bernstein analysts believe that the world’s leading cryptocurrency “is far from done.” Analysts of the wealth management firm are doubling down on their earlier predictions that BTC price will hit $150k by the end of 2025.

Bernstein analysts Gautam Chhugani and Mahika Sapra wrote that Bitcoin could hit this target because metrics suggest that we are in a “healthy cycle, still in its early stages.” They also cited the strong inflows into BTC and the steady halving rate as reasons why Bitcoin is a good cryptocurrency to buy now.

Bitcoin (BTC) To Hit $150k By 2025, Bernstein Analysts Predict

While Bitcoin (BTC) price has retraced to some extent over the past few weeks and is barely holding on to the BTC price today of $68k, analysts at Bernstein are convinced that the world’s leading cryptocurrency “is far from done.”

Analysts of the wealth management firm are doubling down on their earlier predictions that the price of Bitcoin will hit $150k by the end of 2025. Bernstein analysts Gautam Chhugani and Mahika Sapra wrote that Bitcoin could hit this target because metrics suggest that we are in a “healthy cycle, still in its early stages.” They also cited the strong inflows into BTC and the steady halving rate as reasons why Bitcoin is a good cryptocurrency to buy now.

After a strong rally in 2023, Bitcoin price is up over 50% year-to-date and hit a new ATH of $68k in March. However, the flagship cryptocurrency has retraced since then and is now trading around the $66k level. Despite the recent pullback, Bernstein analysts remain bullish on Bitcoin in the long term.

In a recent note to clients, the analysts wrote that several metrics suggest that the Bitcoin bull market is still in its early stages. They pointed to the fact that Bitcoin’s realized price, which is a measure of the average price at which each coin last moved, is still trading at a substantial discount to the spot price. This indicates that a majority of Bitcoin holders are still in profit.

The analysts also noted that the Bitcoin MVRV ratio, which compares the market value to the realized value, is also trading below 3. According to the analysts, this suggests that Bitcoin is still undervalued relative to the recent bull market top.

Furthermore, the analysts highlighted the strong inflows into Bitcoin this year, which they believe are a sign of institutional interest in the cryptocurrency. They also added that the Federal Reserve’s rate hikes and quantitative tightening measures have had a limited impact on Bitcoin so far.

Based on these factors, the Bernstein analysts maintained their bullish outlook on Bitcoin and reiterated their earlier price target of $150,000 by the end of 2025.

Whales Gulp Up Rollblock (RBLK) in Anticipation of a Big Move

Among the vast number of Web3 projects being unveiled this year, only a select few have managed to garner the attention of whales, who are known for their ability to influence the market and generate substantial profits. One project that has caught the eye of these deep-pocketed investors is Rollblock (RBLK).

As we approach the final stages of the first presale, which concludes on June 20, over 46 million RBLK tokens have been bought by whales. Their interest in RBLK is primarily due to its unique model of revenue sharing, which will see up to 30% of its weekly revenue used to buy back RBLK tokens from the open market.

Half of the tokens purchased will be used to support the value of the RBLK token and burned from the supply forever. The other half will be issued as rewards to those who stake RBLK, offering some of the best passive income opportunities in the crypto space.

Another reason why whales have shown massive interest in RBLK is because of its fully licensed and operational online gambling platform. On Rollblock’s platform, players can access over 150 high-payout casino games, with an added advantage. Operating on a blockchain means this DeFi project brings the highest level of fairness and transparency to the gambling business.

Market experts are optimistic that this can help Rollblock onboard a massive number of existing and new gamblers to the crypto space. This is why RBLK, the native token of the platform, is ranked as the best crypto investment for this bull cycle, with a potential price increase of 50x before the year ends. Still priced at $0.012 in its second presale stage, you still have a great chance to join whales who are going on an RBLK buying spree.

Binance Coin (BNB) Load Up As All-Time High Is in Sight

Binance Coin (BNB) has been one of the