Jamie Crawley is a CoinDesk news reporter based in London.
The bank also predicted BTC will reach a high for the cycle of $250,000 during 2025 before settling around $200,000.
The bank also predicted BTC will reach a high for the cycle of $250,000 next year before settling around $200,000, according to an emailed investment note on Monday. "We think the gold analogy – in terms of both ETF impact and the optimal portfolio mix – remains a good starting point for estimating the ‘correct’ BTC price level medium-term," the note said.
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