Why bitcoin could easily hit $225,000 by 2026: analyst

One of the hottest assets in the market since the presidential election, surprisingly, isn’t AI chip darling Nvidia (NVDA). On the contrary, it’s bitcoin (BTC-USD) and the wider crypto market as optimism on the space is at record highs ahead of the new Trump administration. SEC chair Gary Gensler exiting stage left soon has also lifted sentiment. Bitcoin is hovering around record highs, sending shares of crypto plays MicroStrategy (MSTR), Coinbase (COIN), and Robinhood (HOOD) to new heights. But can the excitement be sustained? Yahoo Finance executive editor Brian Sozzi goes inside the red-hot world of crypto with Benchmark senior analyst Mark Palmer. Palmer has been covering the rise of crypto for well over a decade, and says the outlook has never been brighter. The optimism stems from potential policies under the incoming Trump administration and the general appetite by retail and institutional investors to get involved in the space. Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens. Find this episode's transcripts and more episodes of Opening Bid at http://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Email us at [email protected]. 00:00-Mark Palmer on Opening Bid 00:30-crypto on the rise 02:40-Trump friendly on crypto 08:30-Crypto in pensions 12:00-Concerns around crypto? 14:55-MicroStrategy Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky. Mark Palmer covers public and private companies in the Fintech and Digital Assets sectors, leveraging 25 years of experience on the buy-side and sell-side of financial markets. Learn more about your ad choices. Visit megaphone.fm/adchoices