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Bitcoin On Track To Replace Gold In 10 Years, Trading Firm Predicts
Bitcoin recently broke the $100,000 mark, peaking at $104,088 on Binance, fueling optimism about its potential to replace gold as a store of value. Bernstein analysts predict BTC will become a staple in institutional portfolios and corporate treasuries within a decade. YTD, Bitcoin is up 141%, with significant gains following pro-crypto candidate Donald Trump's election win, driving the crypto market cap to $3.9 trillion. Analysts expect BTC could reach $200,000 by 2025, citing mainstream adoption and limited supply as key drivers. Corporate interest, such as Hut 8's Bitcoin reserve plans, underscores its rising appeal. Currently, BTC trades at $103,172, up 7.9% in 24 hours. 2 replies
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