Bitcoin has yet to fully appreciate the potential positive shift in the regulatory landscape should Republican candidate Donald Trump win the U.S. presidential election, according to Bernstein, as reported by The Block.
“We see significant growth potential for digital assets through institutional investments,” the experts wrote.
Analysts noted the “return of BTC-ETF momentum”—inflows into products have exceeded $2 billion over the past two weeks.
Bernstein also highlighted favorable prospects for shares of Marathon, Riot, and CleanSpark, which could increase their market share in digital gold mining, partly through capital raising.
Experts also pointed to the value of IREN and Core Scientific stocks due to the companies’ involvement in AI-related initiatives.
Online broker Robinhood’s shares have growth potential. In addition to improving conditions in the cryptocurrency market, the recent acquisition of Bitstamp is expected to boost the share of digital assets in total revenue from the current 7% to 40% by 2025, the specialists noted.
Analysts anticipate new record highs for MicroStrategy shares due to its active bitcoin strategy.
Bernstein expects the price of the leading cryptocurrency to rise to $200,000 by the end of 2025, $500,000 by the end of 2029, and $1 million by the end of 2033.
Earlier, JPMorgan questioned the sustainability of bitcoin’s growth. Experts cited an inflated rate compared to the “fair” price adjusted for volatility relative to gold (~$53,000).
As reported by Cointelegraph, analysts concluded that with the end of sales by German authorities and the high degree of Mt.Gox factors reflected in prices, bitcoin could recover lost levels in the coming months.