Bernstein Analysts Boost Bitcoin Price Target, Predicting Surges in 2025, 2029, and 2033!
In a recent report, research and brokerage firm Bernstein have upped their price target for Bitcoin from $150,000 to $200,000 by the end of 2025. The analysts at Bernstein, Gautam Chhugani and Mahika Sapra, believe that Bitcoin is currently experiencing an unprecedented bull cycle.
Looking further ahead, the analysts foresee the price of Bitcoin hitting $500,000 by the close of 2029 and potentially soaring to $1 million by 2033. They attribute these ambitious predictions to the increasing demand for Bitcoin ETFs and the limited supply of Bitcoin in the market.
Bernstein also highlighted the significant role of MicroStrategy, the largest institutional investor in Bitcoin, in driving the digital asset’s growth. The analysts emphasized the importance of US-approved ETFs as a game-changer for the crypto market, bringing in new investments and expanding the adoption of Bitcoin.
They predict that ETFs will account for around 7% of Bitcoin’s circulating supply by 2025 and 15% by 2033. Based on these projections, Bernstein expects Bitcoin to reach $200,000 by the end of 2025 and $1 million by 2033.
The analysts also praised MicroStrategy’s CEO, Michael Saylor, for his role in promoting Bitcoin and positioning the company as a key player in the crypto space. They see MicroStrategy as a leading Bitcoin company attracting significant capital for active Bitcoin acquisitions.
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