Despite Bitcoin’s recent spectacular upsurge, one firm confidently forecasts that the price of the leading cryptocurrency could more than double the current rate of $93K in the next year or so.

Yes, you read that right. According to analysts at Bernstein, BTC ($101,844.56)’s target of $200,000 no longer looks delusional following the asset’s recent rally to nearly $100K.

Bernstein Reiterates $200K BTC Price Target