Bernstein analysts suggest Bitcoin could exceed $200,000 by 2025, driven by ETF adoption and institutional interest. Major players like BlackRock and MicroStrategy continue to accumulate BTC, while regulatory milestones in Hong Kong and El Salvador bolster confidence.
- BlackRock’s IBIT ETF became the fastest to reach $70B in assets under management (341 days).
- MicroStrategy holds 582,000 BTC, with a 17.1% YTD return on its Bitcoin strategy.
- Hong Kong approved spot BTC and ETH ETFs, marking regulatory progress in China’s financial hub.
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