According to the report, the total crypto market capitalization will nearly triple to $7.5 trillion by 2025.
The broker Bernstein stated in a research note Thursday that they have begun covering the trading platform Robinhood (HOOD) with an outperform rating and a price target of $30. The broker attributed the bullish call to a “monster” cyber cycle.
“We predict the overall crypto market valuation to reach $7.5T by 2025, against $2.6T presently,” the research said, implying that Robinhood’s crypto income could increase ninefold. Crypto trade volume on the platform increased 10% from January to February, the business said on Wednesday.
Bernstein projects that by 2025, the market capitalization of bitcoin (BTC), ether (ETH), and other prominent blockchain tokens will reach $1.4 trillion.
Reports from experts Gautam Chhugani and Mahika Sapra indicate that there has been exceptional institutional adoption in the cryptocurrency sector. The total value of bitcoin-related assets held by exchange-traded funds (ETFs) can reach $300 billion by the year 2025. Within a year, it anticipates the launch of an ether exchange-traded fund (ETF).
As the broker puts it, Robinhood is “racing the crypto-led earnings inflection over 2024–25,” a two-year cyclical move. After the market closed, Robinhood stock increased by more than 10%.
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