Bernstein has published a new Black Book titled 'From Coin to Computing: The Bitcoin Investing Guide', which explores Bitcoin's role as a 'digital gold' and a technological asset class.
The guide discusses the challenges and opportunities in the Bitcoin space, including security, regulation, and infrastructure improvements.
The report highlights Bitcoin's growing importance as a corporate treasury asset and predicts its price could reach $200,000 by the end of 2025.
The Black Book also focuses on consolidation in the Bitcoin mining sector and the increasing intersection of Bitcoin mining and AI infrastructure.