PANews reported on December 5 that according to CNBC, brokerage firm Bernstein predicts that in the next decade, Bitcoin will replace gold as the main "means of value storage" and become an indispensable part of institutional and corporate finance. This prediction was made by analyst Gautam Chhugani in his report after the price of Bitcoin climbed to $100,000 and achieved an annual increase of 141%. This significant growth is largely due to market expectations after the US election that the Trump administration may introduce policies that are more friendly to cryptocurrencies. The report further predicts that by the end of 2025, the price of Bitcoin may soar to $200,000.
Meanwhile, Gil Luria of DA Davidson also believes that Bitcoin is an appreciating asset with a low correlation with inflation, which is very different from gold. He pointed out that the value of Bitcoin depends more on its acceptance than on traditional economic indicators. However, he also admitted that Bitcoin still needs to go through a long development process to truly become a mainstream medium of exchange and unit of account.
