Foreign media: Bernstein believes that transactions around “currency devaluation” still support the demand for bitcoin and sets a target of up to $300,000 over three years. The agency judged that changes in the macro-environment and the allocation of funds could continue to push bitcoin higher.
Price targets
Bernstein stated in his latest view that bitcoin remained one of the most at-risk assets in the market. The Agency had set a target value of $300,000 after three years, emphasizing that that judgement was based on a continuing flow of funds and a macrobusiness logic.
Transaction Logic
Bernstein mentioned that investors ' concerns about declining purchasing power in French currency were pushing some of the funds to bitcoin. In its view, such configuration requirements, if continued, could continue to raise the long-term valuation of bitcoin.
Market implications
Such forecasts usually magnify concerns about the long-term trends in the market against TTs. For traders and institutional investors, Bernstein ' s statements reflect more of the re-pricing of the property properties of a bitcoin on Wall Street.