Bitcoin could rise to $150,000 by mid-2025: Bernstein

CNBC TV18 By Priyanka Deshpande Published Nov 16, 2023

[{"selector":"#anim-491e7d8a-2f61-4c7b-924c-26aee06f7c5d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.0658141036401503e-14%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Cryptocurrencies extended gains on positive investor talk with Bitcoin trading at its highest level since May 2022

[{"selector":"#anim-9f30cd6a-02e2-4dcc-b6a9-b6da9e3d8bd4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.179687404002955%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Solana, the 6th largest cryptocurrency by market size, tripled in the past month and is up more than 550% this year

[{"selector":"#anim-2dca50fb-78e5-427f-9666-abb501d5f30a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(27.583627738634014%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Bitcoin has risen about 127% so far this year but it can rise to $150,000 by mid-2025, as per investment firm Bernstein

[{"selector":"#anim-259ef2de-4024-4ca9-945f-7215ace37217 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(15.724464073289301%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Bitcoin hit all time high of $67000 in November 2021

[{"selector":"#anim-56e560f8-e793-41a2-8514-445118cf4817 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(8.349609147540345%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] US Securities and Exchange Commission (SEC) could approve Bitcoin ETF by Q1 2024

[{"selector":"#anim-2b3dab06-eed7-43f8-a8f7-b07f3f9daa4f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-29.66282747408374%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Ether is up more than 70% this year

[{"selector":"#anim-5cca343b-a6d5-4ac1-b022-cd692a2c9ed8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(6.822916691507373%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Disclaimer: This article is not investment tips. CNBCTV18.com advises users to check with certified experts before making any investment decisions.

Bitcoin surpasses $35,000-mark for the first time since May 2022

[{"selector":"#anim-e5da72a9-278d-4743-8c3e-f900bf6eacfb","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Thanks For Reading! Read Next