Analysts at Bernstein have unveiled ambitious projections for the cryptocurrency market, forecasting a staggering surge to reach $7.5 trillion by the year 2025.
This exponential growth trajectory, as reported by Bloomberg, is set to be primarily propelled by the dominant forces of the Bitcoin and Ethereum ecosystems, fueled by an unprecedented wave of institutional adoption.
According to insights from Bernstein’s experts, the global cryptocurrency market capitalization is poised for a remarkable threefold increase, catapulting from its current standing at $2.4 trillion to an extraordinary $7.5 trillion within the next four years.
Leading this monumental expansion are flagship cryptocurrencies, with Bitcoin expected to command a substantial share at $3 trillion, closely followed by the Ethereum ecosystem at $1.8 trillion.
Other major blockchain platforms such as Solana and AVAX are anticipated to collectively contribute $1.4 trillion to the market. Notably, the analysts shed light on the trend of blockchain gaming, identifying it as a significant consumer application poised for exponential growth.
Chhugani and Sapra, analysts at Bernstein, also shared their bullish outlook on U.S. spot bitcoin exchange-traded funds (ETFs), forecasting a fivefold surge in assets under management from the current $60 billion to an impressive $300 billion by 2025.
Furthermore, Bernstein’s analysis paints an optimistic picture for Robinhood stock, projecting a rise with a price target of $30, indicating an 80% upside potential.
The analysts foresee Robinhood capitalizing on the “crypto comeback arc,” anticipating substantial growth driven by projected crypto revenues over the 2024-2025 period.
In light of recent market trends, the performance of the stock and crypto trading app has been robust, with shares closing at $17.16, marking a nearly 5% daily gain and a notable 46% increase over the past month.
The GM 30 Index, reflecting this positive momentum, recorded a 0.5% increase to 162.13 within the last 24 hours, underscoring the strong growth prospects of the cryptocurrency market.
Looking ahead, Bernstein analysts have highlighted Bitcoin miners as the prime equity proxy to bitcoin, projecting an ultimate price target of $150,000 in the upcoming cycle, in anticipation of significant market movements.
