Bernstein: Bitcoin will replace gold in the next ten years

According to CNBC, brokerage firm Bernstein predicts that Bitcoin will replace gold as the main "store of value" within the next decade and become an indispensable part of institutional and corporate finance. This prediction was made by analyst Gautam Chhugani in his report after Bitcoin's price climbed to $100,000 and achieved a 141% annual increase. This significant growth is largely due to market expectations following the U.S. election, namely that the Trump administration may introduce more crypto-friendly policies. The report further predicts that by the end of 2025, Bitcoin's price could soar to $200,000.

Meanwhile, Gil Luria from D.A. Davidson also believes that Bitcoin is an appreciating asset with low correlation with inflation, which is completely different from gold. He pointed out that the value of Bitcoin depends more on its acceptance rather than traditional economic indicators. However, he also admits that for Bitcoin to truly become a mainstream medium of exchange and unit of account it still needs a long development process.