A new report from Bernstein Research predicts a dramatic increase in Bitcoin’s price. The firm’s forecast of reaching $200,000 per BTC by the end of 2025 is based on several key drivers: rising institutional demand fueled by Bitcoin ETFs, the halving event that reduces supply after 2024, and global macroeconomic instability favoring Bitcoin as a safe haven asset. Bernstein argues that these factors create a compelling long-term outlook for the cryptocurrency’s value. The report highlights significant shifts in market dynamics, including growing adoption of Bitcoin by institutional investors, ETF inflows, and reduced supply from halving events. While some analysts remain cautious about potential regulatory shifts or market volatility, this bullish prediction underscores the increasing role of Bitcoin as a core asset class.