Wall Street Investment Firm Bernstein Thinks Bitcoin Could Hit $300,000 by 2029. Is Bitcoin Now a Buy?
The next Bitcoin bull market cycle may have already started.
Overview
After posting a 25% return in August, Bitcoin (CRYPTO: BTC) is suddenly back on the radars of many investors. Not surprisingly, Wall Street investment firms are now bumping up their price targets for Bitcoin.
Case in point: Investment firm Bernstein now thinks Bitcoin could hit a price of $150,000 by mid-2027 and a price of $300,000 by the end of 2029. In an ultrabullish scenario, Bitcoin might soar as high as $500,000. So is now the time to buy?
Details
Several catalysts might propel Bitcoin higher. One of these is the so-called debasement trade. In an era of staggering government debt and rising fiscal deficits, Bitcoin suddenly looks much more attractive as a hedge against a weakening dollar.
Source
Originally published at www.fool.com.