Bold Prediction: Bitcoin Will Hit $140,000 This Year, According to This Wall Street Investment Bank
TD Cowen, a Wall Street investment bank, predicts Bitcoin will hit $140,000 by the end of the year. The bank suggests investing in Bitcoin treasury companies to gain exposure to Bitcoin's upside.
Bitcoin is currently trading at $73,000, 42% off its all-time high. TD Cowen, a unit of Toronto-Dominion Bank, predicts it could hit $140,000 by the end of the year. Historically, Bitcoin has doubled in value with regularity, surging 157% in 2023 and 125% in 2024. Online prediction markets assign an 11% probability of Bitcoin reaching $140,000 this year. TD Cowen recommends investing in Bitcoin treasury companies, but some argue it's better to buy Bitcoin directly on a cryptocurrency exchange or via an ETF. Bitcoin treasury companies now trade at a discount to their Bitcoin holdings, potentially offering a way to gain exposure at a lower price.
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