Bernstein’s Bullish Prediction for Bitcoin and Ethereum: They Will Boom!

Bernstein's Bullish Prediction for Bitcoin and Ethereum: They Will Boom!
Bernstein's Bullish Prediction for Bitcoin and Ethereum: They Will Boom!
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Bernstein analysts expect Bitcoin and Ethereum ETF markets to grow to $450 billion. The analysts estimate that crypto ETFs will see inflows of over $100 billion over the next two years. The broker says the US approval of an Ethereum spot ETF has positive implications for tokens like Solana.

“Bitcoin and Ethereum will reach record prices with record inflows!”

Bernstein published a research report on Tuesday. Accordingly, Bernstein analysts expect Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds to grow into a $450 billion market based on crypto price forecasts. “This would imply flows in excess of $100 billion into crypto ETFs over the next 18-24 months,” analysts Gautam Chhugani and Mahika Sapra wrote in the report. Bernstein predicts a $150,000 Bitcoin cycle in 2025. Also, this year-end price target is $90,000.

As you follow from Kriptokoin.com, the US SEC has given the green light to eight spot Ethereum ETF applications. In this context, the regulator approved the issuers’ 19b-4 applications. Following this, Ethereum gained nearly 26% last week. Ethereum ETF trading will begin on exchanges after the SEC approves S1 applications.

Usta Tahminciden Bitcoin ve Ethereum İçin Uçuk Yorum: 1 Milyon Dolar!

“Ethereum ETF, Solana will open the doors to others!”

According to the report, the SEC recognized that Ethereum is no longer a security but a commodity. Therefore, the “biggest controversy” surrounding the cryptocurrency has been resolved. Bernstein notes that Ethereum is the first Proof-of-Stake (PoS)-based token to be approved as a spot ETF, and its approval “paves the way for a Blockchain asset to evolve from a token sale.” “This has positive implications for other Blockchain tokens. Because they will have the opportunity to follow the same precedent. It is also possible that Solana (SOL) could benefit from this.”

BTC and ETH inflows hit new highs

Following the Bitcoin and Ethereum ETFs, an interesting phenomenon came to light today. It has created a wave of optimism on these cryptos in the global crypto space. BTC and ETH recorded inflows worth $1.01 billion and $35.5 million respectively last week. This signaled growing investor optimism following the SEC’s approval of the ETH ETF. Notably, the weekly inflows of $1.05 billion, combining all digital asset inflows, brought year-to-date inflows to a record high of $14.9 billion, according to market data. Bitcoin and Ethereum took the lion’s share of these massive inflows.

Interestingly, Bitcoin and Ethereum alone recorded weekly inflows worth $1.04 billion. Considering the rise of BTC and ETH ETFs, this landmark achievement comes as no surprise. However, it is worth noting that ETH ETFs have had a sluggish start in the US, in stark contrast to the performance of Bitcoin ETFs.

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Bernstein’s Bullish Prediction for Bitcoin and Ethereum: They Will Boom!