The total market value of crypto assets is projected to nearly triple to $7.5 trillion by the end of 2025, according to a Bernstein report on Robinhood Markets shares, as reported by The Block.
Experts forecast Bitcoin’s market capitalization to rise to $3 trillion, Ethereum to $1.8 trillion, and other leading projects like Solana and Avalanche to collectively reach $1.4 trillion. Blockchain games are expected to become the “killer app,” the specialists added.
Analysts predicted an increase in the AUM of spot Bitcoin ETFs to $300 billion by the specified date.
“The crypto market is on the brink of unprecedented institutional adoption,” the report states.
Analysts initiated coverage of the online broker’s securities with an “outperform” rating, driven by the anticipated “monstrous” growth of the digital asset market.
The target price for Robinhood shares was set at $30. With a closing price of $17.16 on March 13, this suggests a potential increase of 74.8%. In pre-market trading, the securities are up 11.54%, according to Yahoo.Finance.
According to the document, Robinhood’s revenues are expected to grow ninefold. The consensus forecast suggests a fivefold increase. As of February, the organization reported a 10% month-on-month increase in cryptocurrency trading volume on the platform on 10% m/m.
Earlier, Bernstein identified mining company stocks as the best proxy investments in Bitcoin as the digital gold’s price moves towards the target of $150,000.