'$150,000' by 2025 – Bitcoin braces for 'unprecedented' price earthquake on Wall Street, boosting Ethereum, XRP and cryptocurrencies

Bitcoin BTC has surged again, reaching within a distance of $60,000 per bitcoin after a top Fidelity executive issued a massive $1.5 trillion bitcoin price prediction.

Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and “discover the blockchain successes that are poised to generate an additional 1000% gains” ahead of Bitcoin's historic halving next year!

Bitcoin's price has more than doubled over the past six months, boosting Ethereum, XRP XRP and other cryptocurrencies, thanks to a fleet of long-awaited exchange-traded funds (ETFs) that are crashing Wall Street — with another huge “catalyst.” Emerging quietly.

Now, after a new batch of emails has revealed “astonishing” information about the identity of bitcoin’s mysterious creator Satoshi Nakamoto, the bitcoin and cryptocurrency market is poised for “unprecedented institutional adoption,” according to Bernstein analysts.

The historic Bitcoin halving, which is expected to cause chaos in cryptocurrency prices, is just around the corner! Sign up now for your free CryptoCodex – a daily newsletter for traders, investors and cryptocurrency enthusiasts that will keep you ahead of the market

More from Forbes 'Real Currency' – Elon Musk Surprisingly Sides With Bitcoin Critic Warren Buffett Amid Cryptocurrency Price Volatility By Billy Bambrough

The price of Bitcoin has risen from recent lows of $15,000 per BTC, making Bitcoin a $1 trillion coin. [+] Origin once again and led to a boom in the Ethereum, Ripple and broader cryptocurrency markets.

AFP via Getty Images

“Bitcoin is on an 18-month trajectory to reach $150,000, led by unprecedented institutional adoption,” Bernstein analysts led by Gautam Chugani wrote in a note to clients seen by DLNews.

Wall Street giants, led by BlackRock and Fidelity, have been delving into the bitcoin and cryptocurrency market over the past few months, with a handful of spot bitcoin ETFs generating billions of dollars in a matter of weeks.

“It's official…the nine new Bitcoin ETFs broke their all-time trading volume record today with $2.4 billion, barely surpassing the first day, but about double their recent daily average,” Eric Balchunas, senior ETF analyst, posted. traded in Bloomberg Intelligence, at ).

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More New Emails From Forbes Reveal 'Amazing' Clues About Bitcoin Creator Satoshi Nakamoto's MysteryBy Billy Bambrough

The price of Bitcoin erased almost all of its price collapse in 2022, returning to around $60,000. [+] For every Bitcoin and adding billions of dollars to the Ethereum, Ripple and cryptocurrency market combined.

Forbes digital assets

Meanwhile, Bitcoin and cryptocurrency analysts are eyeing the imminent Bitcoin supply cut, known as the halving, which will result in a lower number of new Bitcoins issued to so-called miners in exchange for maintaining the network.

“Basically, it would be more reasonable to expect a weak performance before the halving, but that is not the case, and investors must accept this reality of a false start to the market due to institutional influx of convenient spot bitcoin ETFs,” FxPro Senior Analyst Alex Kubtsikevich said, In comments via email.

“Demand is also supported by strong risk appetite thanks to all-time highs in major indices.”

The next Bitcoin halving, which occurs approximately once every four years and is the fourth such reduction in Bitcoin supply, is expected to occur in mid-April.

Sources 1/ https://Google.com/ 2/ https://www.forbes.com/sites/digital-assets/2024/02/28/150000-by-2025-bitcoin-braced-for-an-unprecedented-wall-street-price-earthquake-boosting-ethereum-xrp-and-crypto/ The mention sources can contact us to remove/changing this article

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