After trading down or sideways for much of the past seven months, Bitcoin (CRYPTO: BTC) may finally be ready for a major breakout. The investment firm Bernstein has just released a report detailing all the reasons it thinks Bitcoin could hit a new all-time high of $200,000 by the end of 2025.
Based on Bitcoin's current price of about $68,000, that would represent nearly a 200% gain. As a result, billionaire investors appear to be rushing to buy the cryptocurrency right now. The most notable of these include hedge fund managers and tech entrepreneurs, and all seem to believe that Bitcoin is poised for a major rally after the 2024 presidential election. So, could they be right?
Source - yahoo! finance
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