Golden Finance reported that Bernstein analysts released ten predictions for the encryption industry in 2025, reiterated the Bitcoin price target of US$200,000, and pointed out that the size of the stablecoin market will exceed US$500 billion, and the net inflow of spot Bitcoin ETFs will exceed US$70 billion. , and the integration of encryption and artificial intelligence will be further deepened. Bernstein calls 2025 the beginning of the “era of infinity,” which he sees as “a long period of continued evolution and widespread acceptance of cryptography.” Analyst Gautam Chhugani said that the crypto industry will gradually break away from cyclical fluctuations, integrate into the financial system and become an important part of the smart era. The report predicts that U.S. spot Bitcoin ETFs will attract more than $70 billion in net inflows, institutional adoption will rise rapidly, and ETF investment holdings will increase from 22% in 2024 to 40%. Meanwhile, capital expansion plans by MicroStrategy and Bitcoin miners will drive enterprise finance adoption to $50 billion by 2025. In addition, Bernstein predicts that the integration of AI and the encryption industry will give rise to innovative fields such as decentralized AI blockchains, AI-integrated encryption wallets, and verification services based on "human certification"; Bitcoin miners will turn more to AI to optimize their business. model and attract a wider range of institutional investors.