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 🚀 pic.twitter.com/zBp3o09OoL
— Bitcoin Magazine (@BitcoinMagazine) June 14, 2024
In a new report initiating coverage of Michael Saylor’s MicroStrategy, Bernstein analysts have raised their price target for Bitcoin to $200,000 from $150,000 by the end of 2025.
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.
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 B
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