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Writer's picturemeowdini
Jun 172 min read

Bitcoin Price to Hit $1 Million by 2033, Predict Bernstein Analysts

Bernstein analysts Gautam Chhugani and Mahika Sapra have made a groundbreaking prediction: Bitcoin (BTC) is set to reach $1 million by 2033. This forecast, based on unprecedented demand from spot exchange-traded funds (ETFs), marks a significant milestone in the cryptocurrency market. Let's delve into the key points of their analysis and the role of major players like MicroStrategy.


Gold Bitcoin coin placed on top of a fifty dollar bill, symbolizing Bernstein's prediction of Bitcoin reaching $1 million by 2033 due to increased demand from spot ETFs.
Bernstein analysts forecast Bitcoin's price to hit $1 million by 2033, driven by spot ETF demand. Learn more about their bullish predictions and MicroStrategy's role.

Key Points


Spot ETF Demand as a Catalyst:

  • Bernstein's prediction is largely driven by the anticipated surge in demand from spot ETFs.

  • The firm expects assets under management in Bitcoin ETFs to reach $190 billion by 2025, up from the current $60 billion. Price Projections:

  • Bitcoin is forecasted to hit a cycle high of $200,000 by 2025.

  • By 2029, the price is expected to reach $500,000, leading up to $1 million by 2033. MicroStrategy's Strategic Position:

  • MicroStrategy has transformed from a software company to a major Bitcoin holder, owning 1.1% of the global Bitcoin supply.

  • The company's long-term convertible debt strategy minimizes liquidation risk while maximizing potential Bitcoin upside.


Impact of Bitcoin ETFs:

  • Approval of U.S.-regulated ETFs is seen as a pivotal moment for the crypto industry.

  • By 2025, Bitcoin ETFs are projected to hold around 7% of the Bitcoin in circulation, increasing to approximately 15% by 2033.


MicroStrategy's Holdings:

  • Currently, MicroStrategy holds 214,400 Bitcoins, valued at approximately $14.5 billion.

  • This strategic accumulation positions the company to benefit significantly from Bitcoin's future price appreciation.


Bernstein's bullish outlook on Bitcoin, driven by the expected rise in demand from spot ETFs, highlights a transformative period ahead for the cryptocurrency market.

With major players like MicroStrategy strategically positioned, the forecasted price trajectory of Bitcoin reaching $1 million by 2033 underscores the growing influence and adoption of digital assets.

Investors and market participants should stay informed and consider the potential long-term benefits and risks associated with such projections.


Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial, investment, or other professional advice. Cryptocurrency investments are inherently risky, and prices can be highly volatile.


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