Wall Street Analyst Predicts Bitcoin Could More Than Double by Year-End

A Wall Street analyst has predicted that Bitcoin could more than double in value by the end of the year, following a significant sell-off in the market.

The prediction comes from Gautam Chhugani, an analyst at Bernstein, who believes that Bitcoin's finite supply and its ability to hedge against inflation and geopolitical conflicts make it a strong investment opportunity.

Chhugani notes that institutional interest in Bitcoin remains high, with recent increases in ETF flows and traditional banks offering crypto services.