Expert analysts at Bernstein, a top research and brokerage firm, have opined that the larger crypto market is set to move away from pure meme coins and back to segments with real utility. These include gaming, DeFi, and NFTs.
Another interesting prediction from them comes in the form of a target for Bitcoin. They believe that with the new pro-crypto Trump administration pushing for a strategic Bitcoin reserve, the OG cryptocurrency’s price could cross the $200K mark by the end of 2025. $BTC is currently trading at $88,700.
Where is this heading, and what does it mean for the crypto market at large? Let’s unpack the news below.
Understanding the Reason Behind the Shift to Utility Tokens
The reason for this shift to utility tokens is simple.
Previously, under the previous SEC chairman Gary Gensler, there was regulatory uncertainty around utility cryptos and NFT projects. This ‘forced’ the market to invest in ‘useless’ meme coins to bypass action by authorities.
However, with the new pro-crypto c ..
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