Bitcoin Forecast: Potential for $200,000 Rally Driven by Trump’s Crypto Efforts

Investment firm Bernstein predicts that Bitcoin could double in value over the next year, reaching a potential high of $200,000. This forecast is fueled by a wave of optimism stemming from recent regulatory changes and the US government’s push for crypto adoption under President Trump. The report highlights several factors driving this upward trend, including executive orders allowing cryptocurrency inclusion in retirement plans, the SEC’s Project Crypto initiative to simplify regulatory oversight, and the passage of the GENIUS Act which provides a framework for stablecoins.