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Bernstein analysts predict a bright future for the cryptocurrency market, expecting it to triple in value to a staggering $7.5 trillion by the end of 2025. This optimistic forecast is driven by an anticipated wave of institutional adoption unlike any seen before. Leading the charge, Bitcoin is projected to hit the $3 trillion mark, with the Ethereum ecosystem not far behind at $1.8 trillion. Other prominent blockchains like Solana and Avax are also expected to contribute significantly, totaling $1.4 trillion.
The analysts believe that blockchain gaming will emerge as a dominant application for consumers. Furthermore, the newly introduced U.S. spot bitcoin exchange-traded funds are expected to quintuple in assets under management, from $60 billion today to $300 billion by 2025.
Focusing on Robinhood, Bernstein initiates coverage with a positive outlook, projecting an 80% increase in stock price to $30, fueled by the crypto revival. They anticipate Robinhood’s crypto revenues to grow ninefold, leading to a major financial turnaround for the company from a loss in 2023 to a projected net income of about $910 million by 2025, marking a milestone year for the fintech and cryptocurrency sectors.
