MSTR - Bitcoin To Hit $1 Million By 2033 MicroStrategy's Stock Rated Outperform: Bernstein | Benzinga
Bitcoin (CRYPTO: BTC) is predicted to reach $1 million by 2033 and hit a cycle-high of $200,000 by 2025, according to a new research report by Bernstein.
What Happened: Bernstein’s optimistic BTC price forecast is driven by increasing demand from spot ETFs and the limited supply of the cryptocurrency.
The firm now projects that Bitcoin could reach $500,000 by 2029, revising its 2025 estimate upward from $150,000 to $200,000.
This forecast underscores the growing institutional interest and the potential for significant price appreciation.
MicroStrategy Analysis
The firm also initiated coverage of MicroStrategy (NASDAQ:MSTR), the largest corporate holder of Bitcoin, giving the company an outperform rating, according to Coindesk.
MicroStrategy, based in Tysons Corner, Virginia, has significantly increased its Bitcoin holdings, now owning about 1.1% of the global supply, valued ...