Investment analytics firm Bernstein reiterated in a letter to clients on Tuesday that it stands by its prediction that Bitcoin should reach a price of US$200,000 by the end of 2025, US$500,000 by the end of 2025. the end of 2029 and US$1 million by 2033. This prediction had already been made in June and the company's analysts point out that the downward trend of recent weeks in the crypto market has not changed this scenario. Experts believe the market is disfavoring miners due to Bitcoin's volatility, despite their expectations of a long-term structural uptrend for BTC driven by growing institutional adoption. “Bitcoin miners are being undervalued for their ‘strategic energy portfolio’ and monetization option in AI data centers, in an energy-constrained world,” they wrote.