Bernstein experts have published 10 predictions for the crypto market in 2025. One of them is the growth of BTC to 200 thousand

Most experts agree that 2025 will be the final year for the current crypto bull run. After all, the peak of the previous Bitcoin bull run occurred in December 2017, while the previous growth stage ended in November 2021.

Given the traditional length of up and down cycles in the coin industry, it is not hard to predict that a new long-term BTC record will be set in the next 10-12 months.

Earlier, Bernstein analysts repeatedly stated that they were betting on the growth of the first cryptocurrency on this bull run to 200 thousand dollars. Moreover, they called this benchmark conservative due to the situation in the global economy.

Still, the inflation factor is still there and relevant, while the national debt of the US and other countries continues to increase. And since Bitcoin has a limited maximum supply, a fixed inflation rate, and global popularity, buying it certainly doesn’t seem like a bad idea.

Now experts have told us what else can be expected from the crypto sphere in the new year.

What will happen to cryptocurrency in 2025

The analysts began their forecast with the statement that the crypto industry is entering the so-called “age of infinity.” This is a long period that is accompanied by constant evolution of the phenomenon and growth in its popularity.

Ultimately, the story will end with crypto no longer being a subject of debate, but becoming a full-fledged component of the global financial system “for a new intelligent era.” Here is Gautam Chhugani’s response on this matter, as quoted by The Block .

Expect fewer booms and busts. Yet cryptocurrency has now become a fixture on the radar of corporations, banks, and large institutions, making it a part of the fabric of our financial system.

Moreover, the company’s experts still do not abandon the $200,000 target for Bitcoin. According to them, the first cryptocurrency will be in demand due to the previous promise of the newly elected US President Donald Trump, who stated his desire to create a national BTC reserve.

Cryptocurrency Predictions for the Year

First of all, analysts expect continued growth in BTC adoption by corporate giants, which could invest $50 billion in various crypto-based instruments. By the end of 2024, the figure was $24 billion.

MicroStrategy will likely be the leader among cryptocurrency buyers, followed by Bitcoin miners looking to scale their operations, as well as small- and mid-cap corporations.


This afternoon, MicroStrategy founder Michael Saylor announced that the company had purchased 1,070 bitcoins for $101 million, bringing the giant's total to 447,470 coins, worth $27.97 billion.


Another Bernstein forecast is that spot Bitcoin ETFs will attract net inflows of more than $70 billion, roughly double the 2024 total of $35 billion. The growth will be driven by active investment in ETFs from hedge funds, banks, and money managers.

Bitcoin ETFs themselves will be increasingly accepted by national players and private banking platforms. And while Bitcoin and Ethereum will retain leadership here, similar instruments based on Solana may be launched closer to the end of 2025.

Here is Chhugani’s comment on the market situation.

An announcement of a national Bitcoin reserve in the US would trigger a global competition for other countries to buy BTC. Our $200,000 BTC price target does not take into account demand from governments, but only from the institutional and corporate level. As corporate vaults and Bitcoin ETFs become a more significant part of the cryptocurrency ownership structure, the cryptocurrency’s prevalence will be more sustainable. Accordingly, the longer BTC remains below the $100,000 line, the more it moves from the hands of traders and sellers to long-term investors like MicroStrategy and Bitcoin ETF holders.

In 2025, miners will have to use artificial intelligence more actively. Still, by the end of 2024, the profitability of Core Scientific and TeraWulf, which use AI diversification in crypto mining, was 308 and 136 percent, respectively. At the same time, the indicators of “clean” BTC miners Riot Platforms and CleanSpark went into the negative with results of 34 and 17 percent.

The presence of artificial intelligence will also be felt in the general cryptocurrency space, making it increasingly innovative. In particular, this means decentralized blockchains with an AI focus, AI agents for tokenization, and corresponding wallets.

Analysts also expect large-scale changes in the regulation of coins in the US against the backdrop of a change in the president and the composition of Congress. For example, we may see the launch of a legislative framework on stablecoins and the structure of the digital asset market, as well as additional clarifications on the term “cryptocurrency securities,” which current SEC Chairman Gary Gensler liked to use.

The Bernstein representative continues.

The stablecoin bill will be a priority, as such tokens strengthen the position of the US dollar through purchases of Treasury bonds and popularization of digital dollars on the Internet. The digital asset market framework provides legal clarity and licensing for exchanges, brokers and dealers, including defining the legal status of non-cosmodal DeFi protocols and their exclusion from the broker/dealer category.

As a result, the market capitalization of stablecoins could reach $500 billion. At the end of 2024, the figure reached the $200 billion mark for the first time.

Experts also expect a change in the leadership of the Securities and Exchange Commission, which will no longer create problems for the coin industry. Accordingly, many lawsuits against blockchain companies may be withdrawn.

The next point is the prospect of tokenization of shares by companies like Robinhood, which would allow trading of blockchain-based securities around the clock.

The latest prediction is that Ethereum will be more popular among investors, despite ETH’s less than ideal performance in 2024. Currently, 28 percent of all ETH is staked, 3 percent is bought by ETF issuers, and 7.5 percent of ether is locked in smart contracts. All this leads to a limited amount of available ETH and creates conditions for growth.