Bernstein's Bitcoin forecast until 2033
Bernstein, a major Wall Street firm, predicts that Bitcoin could reach a value of $1 million by 2033 and $200,000 by 2025. This optimistic prediction highlights unprecedented demand for spot Bitcoin ETFs (exchange-traded funds) and a limited future supply.
MicroStrategy and Bitcoin acquisition
The firm's new report highlights Michael Saylor's MicroStrategy (a company that holds large amounts of Bitcoin) and positions it as a leader in Bitcoin acquisition through both debt and equity. MicroStrategy's active, leveraged Bitcoin strategy has outperformed passive ETFs, resulting in higher Bitcoin holdings per share.
Bernstein's price target for MicroStrategy
Bernstein also set a price target of $2,890 for MicroStrategy shares, nearly double the current price.
Institutional acceptance of Bitcoin
The bold prediction is in line with the growing institutional adoption of Bitcoin. Major asset managers such as BlackRock and Fidelity are offering Bitcoin investment products, which could lead to significant Bitcoin price increases. Bernstein highlights MicroStrategy's advantage as a pioneer among publicly traded Bitcoin entities with significant growth potential as Bitcoin adoption is still in its early stages.
The Bitcoin miner for your desk
