Bitcoin Is 'Boring' AI-Hungry Retail Investors, But Bernstein Still Sees $150K This Year
60-second summary
Bitcoin's price decline by about 50% from its peak is not deterring Bernstein's optimistic forecast, as they still predict a $150,000 value by the end of the year. Wall Street researchers view this selloff as a sign of maturity, not a dying asset, as retail investors increasingly turn to AI-driven strategies, shifting their focus away from traditional cryptocurrencies.
Bitcoin is down about 50% from its peak, but Wall Street researchers argue the selloff reflects a maturing asset, not a dying one.