Bitcoin price prediction 2033: Bernstein sees upside to $1m

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As an experienced analyst, I’ve closely followed the cryptocurrency market for years, and Bernstein’s latest Bitcoin price prediction catches my attention. With over $750 billion in assets under management, their research carries significant weight in the financial world.

Bernstein, a leading asset management firm with approximately $750 billion under management, has increased its Bitcoin price forecast for 2025. They now predict the cryptocurrency’s value to reach $200,000 by that year, up from their previous prediction of $150,000. Their long-term projection for 2033 is even more impressive, estimating Bitcoin’s price to soar as high as $1 million.

As a crypto investor, I received insightful information from our research team last Friday. They expressed optimism about the future price of Bitcoin in a report to our clients. Specifically, they pointed out that the anticipated increase in the number of spot Bitcoin Exchange-Traded Funds (ETFs) could serve as a significant catalyst for a bullish trend.

According to Bernstein’s Gautam Chhugani and Mahika Sapra, the introduction of regulated ETFs for crypto in the U.S. marked a pivotal point. This development attracted significant structural investment from traditional financial sectors.

Over the past few weeks, starting from early January, there have been net investments of over $15 billion in Bitcoin spot ETFs. Based on current projections, it’s anticipated that the global market for these ETFs could reach a significant 7% share of the total circulating supply of Bitcoin by the year 2025.

BTC price to hit $1 million by 2033

In addition to the ETF market for stocks that track specific spots, Bernstein’s analysts believe that Bitcoin has entered a new phase of growth and is currently experiencing a bull run.

In their analysis, the authors pointed out that the latest Bitcoin reward reduction, which decreased the daily production from approximately 900 coins to 450 coins, is an additional influencing factor. They further predicted that due to the significant increase in demand as a result of the persistent supply shortage, the BTC price could surge beyond $200,000 by mid-to-end of next year.

Analysts project that by 2033, approximately 15% of the total Bitcoin supply in circulation will be held in spot Bitcoin Exchange-Traded Funds (ETFs). Given this, if Bitcoin’s price significantly rises relative to its production cost, it could lead to a price tag surpassing $1 million within the next eight years.

As a researcher studying the potential future value of Bitcoin, I’ve come across predictions made by Gautam Chhugani and Mahika Sapra. They believe that Bitcoin’s price could reach $500,000 by the end of 2029. Furthermore, they are even more optimistic about the long-term prospect, estimating a price above $1 million by 2033.

Bernstein began analyzing MicroStrategy’s stock and recommended a buy position, setting a goal price of $2,890 for the end of 2025.

MicroStrategy, which is a leading cloud-based analytics company utilizing AI technology, presently owns approximately 214,400 bitcoins. The organization has recently declared its intention to sell $700 million worth of convertible notes. The generated funds will be allocated towards the acquisition of additional bitcoins.

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2024-06-14 20:36