Bernstein ****** yst Gautam Chhugani has issued a bullish call on Bitcoin (BTC) amid institutional demand for the cryptocurrency and currency debasement.
Chhugani said he expects Bitcoin's price to reach approximately $125,000 by the end of 2026 under both base and bull cases.
Related: Coinbase CEO weighs leaving California over wealth tax
In a base case, he expects Bitcoin to hit a new all-time high (ATH) of $150,000 by mid-2027 and then reach around $300,000 in 2029.
The ****** yst thinks Bitcoin will continue its historical four-year cycle, but soaring national debt ($40 trillion currently) and dollar debasement could even spark a Bitcoin rally to $200,000 by mid-2027 and $500,000 in 2029 in a bull case.
#chhugani #expects #reach
Chhugani said he expects Bitcoin's price to reach approximately $125,000 by the end of 2026 under both base and bull cases.
Related: Coinbase CEO weighs leaving California over wealth tax
In a base case, he expects Bitcoin to hit a new all-time high (ATH) of $150,000 by mid-2027 and then reach around $300,000 in 2029.
The ****** yst thinks Bitcoin will continue its historical four-year cycle, but soaring national debt ($40 trillion currently) and dollar debasement could even spark a Bitcoin rally to $200,000 by mid-2027 and $500,000 in 2029 in a bull case.
#chhugani #expects #reach
2 months ago
