Major Wall Street firm Bernstein has made a bullish long-term prediction for Bitcoin’s price, saying it could reach $1 million by 2033.<\/p>\n
JUST IN: $779 billion Bernstein says #Bitcoin<\/a> will likely hit $1 million.<\/p>\n Predicts $200,000 price by 2025 \ud83d\ude80 pic.twitter.com\/zBp3o09OoL<\/a><\/p>\n \u2014 Bitcoin Magazine (@BitcoinMagazine) June 14, 2024<\/a><\/p>\n In a new report initiating coverage of Michael Saylor<\/a>‘s MicroStrategy, Bernstein analysts have raised their price target for Bitcoin to $200,000 from $150,000 by the end of 2025.<\/p>\n Bernstein has long been positive on Bitcoin’s prospects, but this $1 million forecast by 2033 represents one of the highest institutional projections yet. The analysts’ thesis is based on unprecedented demand from spot Bitcoin ETFs and constrained future supply.<\/p>\n Bernstein’s report also highlighted how Michael Saylor “has become synonymous with brand Bitcoin and has positioned MSTR as a leading Bitcoin company, attracting at-scale capital (both debt and equity) for an active Bitcoin acquisition strategy.”<\/p>\n “MicroStrategy positions itself as an ‘active leveraged bitcoin strategy versus passive spot exchange-traded funds (ETFs),’ the report said, noting that over the last four years, the company’s active strategy has produced a higher Bitcoin per equity share,” Bernstein wrote.<\/p>\n Bernstein also set a $2,890 price target on MicroStrategy shares, representing nearly double the current price.<\/p>\n The bold long-term Bitcoin outlook comes as institutions warm up to Bitcoin, with major asset managers like BlackRock<\/a> and Fidelity <\/a>offering BTC investment products. Bernstein cited inflows into these regulated vehicles as fueling this cycle’s exponential Bitcoin price gains.<\/p>\n The analysts see MicroStrategy maintaining its first-mover advantage as the world’s leading listed Bitcoin player. With BTC adoption still in its infancy, firms like MicroStrategy have room to grow their Bitcoin holdings for years to come.<\/p>","protected":false},"excerpt":{"rendered":" Major Wall Street firm Bernstein has made a bullish long-term prediction for Bitcoin’s price, saying it could reach $1 million by 2033. JUST IN: $779 billion Bernstein says #Bitcoin will likely hit $1 million. Predicts $200,000 price by 2025 \ud83d\ude80 pic.twitter.com\/zBp3o09OoL \u2014 Bitcoin Magazine (@BitcoinMagazine) June 14, 2024 In a new report initiating coverage of […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25905","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/25905"}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=25905"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/25905\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=25905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=25905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=25905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}