🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
📝 Share your trading experience on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 End at: July 9, 16:00 UTC
Show off your trading on Gate Squ
Bernstein analysts announced: Demand that will take Bitcoin to a million dollars.
According to Bernstein analysts, the supply squeeze in the market due to institutional Bitcoin investments and ETF inflows could push the leading cryptocurrency to new heights.
Currently, approximately 80 companies hold a total of 700,000 BTC. This corresponds to 3.4% of Bitcoin's total supply. Although the Bitcoin price has pulled back from the 109,000 dollar level seen at the beginning of the year to below 75,000 dollars, U.S. spot Bitcoin ETFs saw net investments exceeding 3 billion dollars last week. This has been the highest investment amount in the last five months.
ETFs currently account for 5.5% of Bitcoin's supply (yaklaşık dolar) 110 billion. Of these assets, 33 percent are owned by institutional investors, 48 percent by investment advisors, and 31 percent by hedge funds. Together, ETF and institutional Bitcoin reserves account for about 9% of the total supply, a sevenfold increase since the ETFs launched in January 2024. Bernstein predicts that Bitcoin could reach $200,000 by the end of 2025, $500,000 by the end of 2029, and $1 million by the end of 2033
Analysts stated, "It is difficult to expect a decline in Bitcoin with the current supply-demand balance." painting a positive picture for Bitcoin in the long term.
Published: April 28, 2025 17:02