The crypto markets are electrified. While Bitcoin caused a stir on Monday (July 14) with a historic high of $123,000, a new analysis by the investment house Bernstein follows suit – with a bold forecast: The number one cryptocurrency is only at the beginning of a massive upward movement. There is talk of a price target of $200,000. And that before the end of 2025.

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Bernstein, a global analysis and investment company with more than $750 billion in assets under management, sees an unprecedented combination of institutional demand, political backing and technological maturity in the current market phase. “Our confidence in this cycle has never been greater”, writes Gautam Chhugani, chief analyst for digital assets, in a report published on Tuesday (July 15).

Bitcoin New Global Currency? Bernstein Analysis Surprises

The analysis reveals: The current bull run is not driven by speculators or meme coins, but by a stable base of Bitcoin ETFs, government crypto strategy and a rapidly growing number of wallets and users. Stablecoins have now reached a volume of 250 billion US dollars, and large banks are ready to enter the market with their own tokenization solutions. Tokenization, it continues, will be “not just a trend, but a new financial infrastructure”.

The Bernstein analysts also attribute central importance to political developments in the USA. With the introduction of legislative initiatives such as the Clarity Act and the GENIUS Act, a clear regulatory basis could be created (CoinPro.ch reported). This would not only eliminate legal uncertainty for companies and investors, but also pave the way for a consistently chain-based capital market infrastructure – with transactions running around the clock and automated settlements.

Interesting: Bitcoin breaks through the $120,000 barrier – rally without limit?

Particularly noteworthy is Bernstein’s assessment of the role of Bitcoin itself: The cryptocurrency is on its way to establishing itself as a “rare reserve asset”. No longer an experimental asset – but a digital equivalent of gold, only scarcer, more transparent and usable across borders.

Will BTC Crack the $200,000 Mark in 2025?

But Bernstein looks beyond Bitcoin. While institutional investments have so far focused primarily on Bitcoin and Ethereum, the analysts see an impending rotation towards alternative coins. This movement is led by Solana, which convinces as a technological basis for fast and cheap transactions. Other tokens from the top 20 are also likely to become ETF-eligible and investable in the coming quarters.

The crypto industry is thus at a turning point. What was still considered a playground for tech nerds a few years ago is now a strategic element of geopolitical financial policy. The report ends with a clear statement: “If regulatory and technological developments continue to come together in this way, a Bitcoin price of 200,000 US dollars is not optimistic – but realistic.” (mck)

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