A Wall Road agency forecasts that the cryptocurrency market cap will attain $7.5 trillion by 2025, and Bitcoin will attain $150,000.
Analysts at Bernstein not too long ago mentioned that the crypto market will double its measurement throughout the subsequent yr. This may imply that some main cryptocurrencies by market cap, reminiscent of Bitcoin, Ethereum, and Solana, would proceed to rally considerably if such large-scale influx persist.
The projection sees the market worth of crypto belongings increasing from the present $2.8 trillion to $7.5 trillion, with Bitcoin main the cost. Anticipated to evolve right into a $3 trillion asset by 2025, Bitcoin’s progress will possible be fueled by the profitable launch of exchange-traded funds linked to the cryptocurrency, with its worth doubtlessly hitting $150,000 subsequent yr.
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Following constructive operational information for February, together with an increase in managed belongings and buying and selling quantity, Robinhood’s inventory soared, reaching its highest worth since December 2021 throughout Thursday’s buying and selling session in New York. The corporate’s inventory has seen a powerful enhance of over 40% this yr.
The analysis agency has additionally launched protection on Robinhood Markets, recommending a powerful purchase because the analysts anticipate a considerable crypto market upswing. Bernstein analyst Gautam Chhugani predicts a ninefold enhance in Robinhood’s cryptocurrency buying and selling volumes inside two years, suggesting buyers ought to capitalize on this progress trajectory.