Article

【TD Cowen executive predicts Bitcoin will reach 2027 in 132000 USD】

TD Cowen Managing Director Lance Vitanza said at the New York Bitcoin Treasuries conference that institutional investors are no longer debating whether to hold Bitcoin, but have shifted to discussing how to hold it. He expects the price of Bitcoin to reach 2027 in 132000 USD. Vitanza noted that Bitcoin is evolving from a single asset into a capital-market ecosystem encompassing common stock, preferred stock, bonds, and yield products. He analyzed how digital credit is assessed and which Bitcoin treasury companies could survive a market downturn, mentioning Strive, Metaplanet, and Nakamoto, and emphasizing the importance of having an actual operating business. He also discussed the potential impact of MSCI index removals on Bitcoin treasury companies, as well as blockchain monitoring, front-running, and trust in Bitcoin’s price. He believes well-operated Bitcoin treasury companies could outperform Bitcoin itself.