The price of Bitcoin might have taken a hit in the last couple days, but analysts at Bernstein are still convinced that the leading cryptocurrency has a lot of room to grow in the next year or so.

In a Wednesday report from the global investment firm, analysts Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia wrote that they believe the biggest digital coin will hit $200,000 by the end of 2025. 

And that’s being “conservative,” they said.

“With accelerating institutional adoption, we expect Bitcoin to triple from here to attain a cycle-high price of $200,000 by 2025 end,” the report read.

Bitcoin is now trading for just under $65,750, dropping by nearly 3% in a seven-day period. At the weekend, it was priced above $69,000 for the first time in nearly three months. The asset hit an all-time high price of $73,737 in March.

Bernstein analysts had previously predicted that Bitcoin cou

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Author: Mathew Di Salvo