Bernstein Sees Bitcoin $150,000 By Mid-2027 Amid Debasement Trade

Bernstein, an $800 billion asset manager, has made a new price prediction for Bitcoin. According to the firm's analyst Gautam Chhugani, BTC will hit $150,000 by mid-2027.

The note to clients suggests that a broader 'debasement trade' is likely to provide a tailwind for the largest cryptocurrency. Chhugani notes that the 40-year era of declining interest rates has come to an end, with governments facing rising debt-servicing costs as America's debt hits $40 trillion.

The increased demand for scarce assets like Bitcoin is expected due to policymakers favouring currency debasement over fiscal stress. Other factors driving up prices include wider institutional adoption and a favourable regulatory environment, Chhugani added.