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Bernstein raises Bitcoin price target forecast to $200K, says buy the dip By Investing.com

Bernstein raises Bitcoin price target forecast to $200K, says buy the dip By Investing.com
Bernstein raises Bitcoin price target forecast to $200K, says buy the dip

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Analysts at Bernstein have raised their Bitcoin price forecast to $200,000, citing increasing institutional adoption and the potential for Bitcoin ETF approvals at major wirehouses and large private bank platforms in the third and fourth quarters. The analysts believe that Bitcoin is still in an early cycle and see the current market as offering new entry levels before the next wave of institutional demand picks up. They also highlight the ample headroom for growth in Bitcoin's portfolio allocations and the increasing role of financial advisors in driving actual demand. The report concludes that asset managers have every incentive to push harder on marketing and distribution to scale their crypto business.

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