Key facts
- TD Cowen analyst Lance Vitanza forecasts Bitcoin will reach $132,000 by 2027.
- Vitanza noted that institutions are increasingly focused on how to buy Bitcoin, rather than if they should.
- The analyst cited the rise of Bitcoin in corporate treasuries and capital markets products as a key driver.
TD Cowen analyst Lance Vitanza has projected that Bitcoin could reach $132,000 by 2027. Vitanza observed a shift in institutional sentiment, with companies now prioritizing the methods of acquiring Bitcoin rather than debating its merits as an investment. This trend is being fueled by the increasing integration of Bitcoin into corporate treasuries and the development of various capital markets products designed to facilitate institutional investment.