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In the fourth quarter, several hedge fund billionaires increased their holdings in the iShares Bitcoin Trust (NASDAQ: IBIT), an ETF by BlackRock that tracks Bitcoin’s spot price. Gautam Chhugani from AllianceBernstein and Geoff Kendrick from Standard Chartered both predict Bitcoin will reach $200,000 by 2025, suggesting a 110% upside from its current price of $95,000, which would similarly benefit the iShares Bitcoin Trust. Investors should be aware of these optimistic forecasts and their implications for potential returns.
