1 Super Cryptocurrency Could Soar to $200,000 by 2025, According to a Wall Street Analyst
The price of Bitcoin (CRYPTO: BTC) has rocketed by 65% to about $68,000 since the beginning of 2024. But certain Wall Street analysts still see a substantial upside in the cryptocurrency.
Gautam Chhugani at Bernstein believes Bitcoin will reach $150,000 by mid-2025, implying that its price will soar by 120% (or $82,000) during the next 12 to 18 months. Similarly, Geoff Kendrick at Standard Chartered Bank believes Bitcoin could reach $200,000 by the end of 2025, implying that its price could soar by 194% (or $132,000) during the next 21 months.
Ultimately, cryptocurrencies are no different than any other asset. Their prices are a product of supply and demand. However, the total possible Bitcoin supply is limited to 21 million coins, and 19.7 million (94%) of them are already in circulation. That means demand is the most consequential variable where Bitcoin is concerned.
Source Fool.com
