TD Cowen Investment predicts that Bitcoin could reach about $140K this year

They see Bitcoin as a long-term store of value, positioning it as "digital gold"
TD Cowen also issues "buy" recommendations for companies holding Bitcoin such as Nakamoto Holdings, Strive, and for companies holding Ethereum like Sharplink
The company expects that reforms in 2026 will come from regulatory actions, such as SEC exemptions, driving tokenization and expanding access to the banking system, rather than through broad legislation.
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