Bitcoin Forecasts Point to Strong Growth, Driven by Institutional Investment and US Backing

Bernstein predicts that the cryptocurrency market is poised for sustained growth, with Bitcoin (BTC) potentially reaching prices between $150,000 to $200,000 within the next 12 months. The brokerage firm attributes this optimistic outlook to supportive political measures from the US government aiming to establish itself as a global cryptocurrency hub. Analysts believe this cycle could extend beyond the traditional four-year model.