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Benzinga
Benzinga
Business
Murtuza J Merchant

Bitcoin To $200,000 Is Bernstein's 'Highest Conviction,' But Solana, Ethereum Will Outperform Elsewhere

Miner 1-in-800 Odds

Brokerage firm Bernstein on Tuesday reaffirmed its most bullish outlook on digital assets, projecting Bitcoin (CRYPTO: BTC) to reach $200,000 while identifying Solana (CRYPTO: SOL) and Ethereum (CRYPTO: ETH) as the altcoins most likely to lead the next cycle.

What Happened: The firm said, "Our highest conviction view remains Bitcoin at $200k this cycle," adding that Ethereum and Solana "are set to outperform, leading innovation and adoption in decentralized applications."

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