The bank’s Global Head of Digital Assets Research Geoffrey Kendrick has repeatedly said that the virtual coin would soar this year—despite Trump tariffs and other geopolitical factors—and is predicting a $200,000 high by the end of 2025. "The Bitcoin genie is out of the bottle, and it is hard to reverse this course," Bernstein analysts said last year before crypto-friendly President Trump won the U.S. election. Speaking in January at the World Economic Forum in Davos, the CEO of the world's largest asset manager said that if institutions like sovereign wealth funds continued to make even small allocations to the asset, the orange coin's price would rocket upwards.
Author: Mathew Di Salvo
Published at: 2025-05-21 22:51:57
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