Bernstein: $100,000 is not the peak of BTC in this cycle, it is expected to reach $200,000 by the end of the year

Odaily Planet Daily reports that Bernstein analyst Gautam Chhugani believes the current cycle is "still in its early stages." Against the backdrop of a US government that strongly supports cryptocurrencies, he thinks cryptocurrencies can transition from speculative asset classes to utility-based digital capital markets. He explained: "We still believe that a Bitcoin price level of $100,000 is not the peak of this cycle. The Bitcoin market has great potential for further growth and we expect Bitcoin to reach a cyclical peak of $200,000 by the end of 2025. If there's still unease about macroeconomic risks and Trump-related disruptions in 2025, we might see the realization of Bitcoin's cyclical high point delayed. We may also see an extension of the bull market cycle for Bitcoin into 2026."