Bernstein reiterates $200k prediction, puts two Bitcoin companies on watch – Uzmancoin

The research unit of asset management firm Bernstein said it is focusing on Bitcoin miners and their data centers, which are increasingly being used for artificial intelligence. The company, which announced that it is focusing on IREN and Core Scientific companies in this regard, will begin to provide reports to its clients on these miners.

“AI data centers with ‘ready power interconnect’…”

In the report published by Gautam Chhugani and Mahika Sapra, the agreements and studies of the two companies on artificial intelligence were mentioned and the following statements were used:

“Bitcoin miners are emerging as attractive partners to build out AI data centers with ‘ready power interconnect’ and data center operating capabilities.” The Bernstein analysts said, and they added, “Bitcoin miners enjoy a lead in the ‘large load’ power interconnect queue vs. approval queue of more than 4 years for greenfield buildouts, thus saving ‘time to market,’”

The main reasons for analysts to follow the two companies; It was stated that Core Scientific’s agreement with the artificial intelligence firm CoreWeave, which is expected to bring a total of $3.5 billion, and IREN’s agreement to use Nvidia GPUs to Poolside, an artificial intelligence startup.

As it will be remembered, both companies were on the verge of bankruptcy during the crypto crises in 2022. Core Scientific filed for bankruptcy and restructured and resumed its activities.

In his report on the subject, Bernstein also reiterated his price forecasts for Bitcoin of $200,000 for the end of 2025, $500,000 for the end of 2029 and $1 million for the end of 2033.