Year-End Target of $90,000
Analysts at Bernstein believe Bitcoin will hit $90,000 by the end of 2024. They attribute this optimism to:
- Strong inflows into Spot Bitcoin ETFs
- Record mining income
Mid-2025 Prediction: $150,000
The analysts also maintain their prediction that Bitcoin will reach $150,000 by mid-2025. They cite the influence of Spot Bitcoin ETFs as a key factor.
Standard Chartered’s Optimism
Standard Chartered has also revised its year-end target for Bitcoin to $150,000. They believe the Bitcoin ETFs provide a more stable foundation for the cryptocurrency’s price.
Other Predictions
- Samson Mow predicts Bitcoin could hit $1 million this year.
- Standard Chartered predicts a possible overshoot to $250,000 in 2025 if ETF inflows continue.
Current Market Situation
At the time of writing, Bitcoin is trading around $66,200, down slightly in the last 24 hours.
