Bernstein sees price of Bitcoin reaching $1 million in less than decade
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As for this year, Bernstein has increased its year-end price target from $150,000 to $200,000 in its new note despite its current underperformance. Its bullish case is mostly based on significant demand for Bitcoin exchange-traded funds that launched earlier this year. Bernstein has predicted that Bitcoin ETFs will account for as much as 15% of the cryptocurrency's total supply less than a decade from now. , JPMorgan does not share this bullish view.
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