Bitcoin Price Could Reach IDR 3.27 Billion in 2025, Here’s the Analysis

Todaysgist, News – In a recent prediction, analysts at AllianceBernstein estimated that the price of Bitcoin could reach USD 200,000 or equivalent to IDR 3.27 billion (assuming an exchange rate of IDR 15,464 per US dollar) in 2025. This estimate was driven by unprecedented demand for Bitcoin following the launch of the Bitcoin ETF.

As reported by Yahoo Finance, Friday (30/8/2024), many bitcoin experts such as Anthony Pompliano, founder and partner at Pomp Investments, previously also voiced their belief that bitcoin could reach more than USD 100,000 in the next year.

Analysts at AllianceBernstein have revised their previous prediction that Bitcoin will reach $150,000 by the end of 2025. The new forecast is based on Bitcoin’s four-year historical trajectory and the recent surge in demand following the launch of the Bitcoin Spot ETF.

Analysts also project that the world’s leading cryptocurrency could rise to USD 500,000 by 2029 and even reach USD 1 million by 2033.

The company’s confidence is partly due to continued interest in Bitcoin ETFs, which have attracted $17 billion since their launch in January.

AllianceBernstein views the ongoing inflows into Bitcoin ETFs as preparation for a breakout phase, leading to a significant increase in the price of Bitcoin.

However, they also warn that this could be followed by a “hype” phase, where investors may set unrealistic price targets.

AllianceBernstein’s revised forecast is significant as it reflects growing confidence in Bitcoin’s potential, driven by the success of the launch and continued interest in Bitcoin ETFs.

The company’s predictions also underline the impact of Bitcoin’s historical performance and current market trends on future price predictions.

However, the cautionary note about the potential “hype” phase serves as a reminder of the volatility and risks associated with investing in cryptocurrencies. Therefore, despite the optimistic predictions, investors should approach them with caution and make informed decisions.

Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. Todaysgist is not responsible for the profits and losses arising from investment decisions.