Bitcoin rally has taken bit of a pause in recent weeks but Bernstein remains super bullish on the world’s largest cryptocurrency.
Bitcoin seen hitting $150,000 in 2025
Analysts at the investment firm told clients in their research note today that the ongoing weakness in BTC will be temporary and the crypto leader will likely resume its rally in coming weeks.
They continue to expect Bitcoin to hit $150,000 by the end of next year on continued institutional demand following the launch of Bitcoin ETFs as well as limited supply after the recent halving event.
The expected rally in BTC sits right at the heart of financial debates because it tends to pick the direction for the rest of the crypto market.
So, in whatever direction does Bitcoin move – its peer Bitbot may move in the same direction.
Bitbot may help you become a better trader
Bitbot may be an exciting investment for 2024 not only because the leader (BTC) is expected to do well this year.
It’s also because Bitbot opens new doors of making money for you as well. For example, being a Telegram trading bot, the primary aim of this up-and-coming platform is to help traders maximise their returns out of the financial markets.
And why is Bitbot a better pick within the sea of trading bots that you can find out there? Mostly because it’s a non-custodial platform. So, engaging with Bitbot does not come with the typically associated concerns of security so to speak.
Interested in finding out more about Bitbot? Click here to visit its website now.
Bitbot comes with an AI component attached
Note that Bitbot is a trading bot as mentioned earlier. That’s significant because what it essentially suggests is that the crypto project may also be a means of securing exposure to artificial intelligence.
It’s a market that has been and is expected to continue to grow at an exponential pace.
The way to use Bitbot as an investment is to buy its native namesake coin that is currently in presale. At $0.0171 at writing, you can rest assured that getting a position in Bitbot won’t be a capital intensive investment for you.
It is worth mentioning here that Bitbot has raised close to $3.0 million in a matter of weeks. That should also bring you peace knowing that you’re putting your money in something that’s already driving strong demand out of the investment community. You can find more details about Bitbot on this link.
Bitbot is not a listed coin just yet
Investing in Bitbot today may be a great idea because it’s a crypto token that hasn’t gone live on a crypto exchange.
Once it does, the incoming demand and ease of access will likely push its price further up and you’d be able to benefit from that rally provided that you build a position in it now when it’s in presale.
Other than the expected strength in Bitcoin, there are other macro tailwinds that may benefit Bitbot as well. These include the prospect of interest rate cuts that may invoke interest in the risk-on assets like cryptocurrencies including Bitbot.
If you’d like to know more about Bitbot and its native namesake coin before choosing to invest in it, you should visit its website that will also inform you on ways to buy Bitbot.
The post Bitbot in focus as Bernstein reiterated bullish view on Bitcoin appeared first on Invezz