Wall Street Firm Forecasts Significant Surge in Crypto Market Value
In a recent report by Bloomberg, it has been revealed that the market value of crypto assets is expected to witness a remarkable surge, nearly tripling to $7.5 trillion by 2025. Wall Street research firm Bernstein predicts a “monster of a crypto cycle” in the coming years and has initiated coverage of online brokerage Robinhood Markets with an “outperform” rating.
An Opportunity to Ride the Crypto Comeback Arc
Analyst Gautam Chhugani believes that investors should take advantage of the opportunity to ride the “crypto comeback arc.” He envisions a ninefold increase in Robinhood’s crypto trading volume over the next two years. Chhugani expressed his confidence in Robinhood’s prospects, stating that now is the opportune time to enter the market with an 18-24 month window to capitalize on the crypto resurgence.
- Chhugani assigns a price target of $30 to Robinhood’s stock, which is currently the highest among analysts tracked by Bloomberg.
- Positive February operating data, including increases in assets under custody and surging trade volume, led to a surge in Robinhood shares, reaching the highest intraday level since December 2021.
- While the stock has gained over 40% this year, Wall Street remains cautious about its outlook, with analysts offering mixed ratings.
Crypto Assets Set for Massive Growth
The projected growth of crypto assets from $2.6 trillion to $7.5 trillion is expected to be driven by several factors:
- The largest digital currency, Bitcoin, is set to become a $3 trillion asset by 2025.
- Exchange-traded funds (ETFs) tied to cryptocurrencies are predicted to experience unprecedented success.
- Bitcoin is expected to reach a high of $150,000 next year, fueled by ongoing institutional adoption and the potential launch of an Ethereum ETF within the next 12 months.
Robinhood’s Advantage in the Market
Gautam Chhugani highlights Robinhood’s position for success in the crypto market:
- Robinhood offers a full suite of crypto services within a regulated broker platform, positioning it favorably compared to traditional broker platforms that have been more hesitant to offer cryptocurrency services.
In short, we are bullish on crypto, and we believe Robinhood’s crypto business resurgence will restore its fortunes with investors. – Gautam Chhugani
The projected exponential growth of the cryptocurrency market and the optimistic outlook for Robinhood’s crypto business have captured the attention of market observers. With increasing mainstream acceptance and institutional adoption of digital assets, the next few years hold significant potential for investors and market participants alike.
Featured image from Shutterstock, chart from TradingView.com
Hot Take: Crypto Market Value Expected to Triple by 2025
The crypto market is poised for a massive surge in value, with predictions indicating that it could nearly triple to $7.5 trillion by 2025. This projection comes from Wall Street research firm Bernstein, which believes that we are entering a “monster of a crypto cycle.” The firm has also initiated coverage of Robinhood Markets, an online brokerage, with an “outperform” rating.
Analyst Gautam Chhugani recommends taking advantage of this opportunity to ride the “crypto comeback arc,” foreseeing a significant increase in Robinhood’s crypto trading volume over the next two years. Chhugani is confident in Robinhood’s prospects and assigns a price target of $30 to the stock, the highest among analysts tracked by Bloomberg.
With positive operating data and surging trade volume, Robinhood shares have already seen substantial gains this year. However, Wall Street remains cautious about its outlook, with mixed ratings from analysts.
The projected growth of crypto assets from $2.6 trillion to $7.5 trillion is expected to be driven by various factors, including the increasing success of cryptocurrency-related exchange-traded funds (ETFs). Bitcoin, the largest digital currency, is set to become a $3 trillion asset by 2025. Furthermore, Bitcoin is predicted to reach a high of $150,000 next year due to ongoing institutional adoption and the potential launch of an Ethereum ETF within the next 12 months.
Robinhood stands out in the market with its full suite of crypto services offered within a regulated broker platform. Traditional broker platforms have been more hesitant to provide cryptocurrency services, giving Robinhood an advantage.
“In short, we are bullish on crypto, and we believe Robinhood’s crypto business resurgence will restore its fortunes with investors.” – Gautam Chhugani
These predictions have sparked interest among market observers who recognize the significant potential for investors and market participants as digital assets gain mainstream acceptance and institutional adoption.
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