Bernstein analysts name conditions for bitcoin’s growth to $ 200,000

Bernstein cryptocurrency experts have identified the main factors that could contribute to the rapid growth of Bitcoin’s value BTC $97,198.12 Bitcoin 5.03% Market capitalization $1.92 trillion VOL. 24 hours $5.41 billion to $ 200,000 in 2025. These include political changes in the United States, cryptocurrency market liberalization, and institutional demand.

Analysts emphasize the importance of the positions of the chairman of the U.S. Securities and Exchange Commission (SEC) and the secretary of the Treasury in the new administration of Donald Trump after his inauguration on January 20.

The main candidates for the position of Treasury Secretary include:

• Howard Luthnick — CEO of Cantor Fitzgerald, known as a Bitcoin supporter.
• Scott Bessent is a hedge fund manager who has been backed by Elon Musk and Robert Kennedy Jr.
• Kevin Warsh is a former member of the Federal Reserve Board of Governors.

Bernstein predicts that politicians who support cryptocurrencies will take key regulatory positions .

Another important factor will be the development of a strategic Bitcoin reserve. Experts believe that this process can take years, but the seeds for this are already being sown.

Thus, sovereign wealth funds and large investors will lead the demand for cryptocurrencies in the future.

Also, political support will facilitate the deregulation of the crypto market and the creation of mining centers in the United States. A favorable energy policy for mining and data processing for artificial intelligence may also be created. The creation of a regulatory framework for stablecoins is also expected.

It is reported that market liberalization can simplify the registration of tokens and facilitate the emergence of actively managed digital asset funds, which will become an alternative to passive ETFs.

In addition, the market will be driven by the growth of investments in crypto funds and purchases of Bitcoin by large corporations, such as MicroStrategy.

Analysts advise keeping investments in digital gold for 12−18 months.

In their opinion, the new era of cryptocurrency regulation will help to increase the value of Bitcoin and other leading assets such as ETH and SOL.