{"id":232255,"date":"2024-06-14T10:27:13","date_gmt":"2024-06-14T10:27:13","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/14\/bernstein-bitcoin-could-hit-1-million-by-2033\/"},"modified":"2025-06-25T17:17:08","modified_gmt":"2025-06-25T17:17:08","slug":"bernstein-bitcoin-could-hit-1-million-by-2033","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/14\/bernstein-bitcoin-could-hit-1-million-by-2033\/","title":{"rendered":"Bernstein: Bitcoin Could Hit $1 Million by 2033"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MjA3MTQ0Njg1Njk1NjczMzkz\/bbb.png\" \/><\/p>\n<p>Major Wall Street firm Bernstein has made a bullish long-term prediction for Bitcoin&#8217;s price, saying it could reach $1 million by 2033.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: $779 billion Bernstein says <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> will likely hit $1 million.<\/p>\n<p>Predicts $200,000 price by 2025 \ud83d\ude80 <a href=\"https:\/\/t.co\/zBp3o09OoL\">pic.twitter.com\/zBp3o09OoL<\/a><\/p>\n<p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1801539725519450209?ref_src=twsrc%5Etfw\">June 14, 2024<\/a><\/p><\/blockquote>\n<p>In a new report initiating coverage of <a href=\"https:\/\/bitcoinmagazine.com\/tags\/michael-saylor\">Michael Saylor<\/a>&#8216;s MicroStrategy, Bernstein analysts have raised their price target for Bitcoin to $200,000 from $150,000 by the end of 2025.<\/p>\n<p>Bernstein has long been positive on Bitcoin&#8217;s prospects, but this $1 million forecast by 2033 represents one of the highest institutional projections yet. The analysts&#8217; thesis is based on unprecedented demand from spot Bitcoin ETFs and constrained future supply.<\/p>\n<p>Bernstein&#8217;s report also highlighted how Michael Saylor &#8220;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.&#8221;<\/p>\n<p>&#8220;MicroStrategy positions itself as an &#8216;active leveraged bitcoin strategy versus passive spot exchange-traded funds (ETFs),&#8217; the report said, noting that over the last four years, the company&#8217;s active strategy has produced a higher Bitcoin per equity share,&#8221; Bernstein wrote.<\/p>\n<p>Bernstein also set a $2,890 price target on MicroStrategy shares, representing nearly double the current price.<\/p>\n<p>The bold long-term Bitcoin outlook comes as institutions warm up to Bitcoin, with major asset managers like <a href=\"https:\/\/bitcoinmagazine.com\/tags\/blackrock\">BlackRock<\/a> and <a href=\"https:\/\/bitcoinmagazine.com\/tags\/fidelity\">Fidelity <\/a>offering BTC investment products. Bernstein cited inflows into these regulated vehicles as fueling this cycle&#8217;s exponential Bitcoin price gains.<\/p>\n<p>The analysts see MicroStrategy maintaining its first-mover advantage as the world&#8217;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>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/business\/bernstein-bitcoin-could-hit-1-million-by-2033\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Major Wall Street firm Bernstein has made a bullish long-term prediction for Bitcoin&#8217;s price, saying it could reach $1 million by 2033. JUST IN:<\/p>\n","protected":false},"author":1,"featured_media":232256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[172],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/232255"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=232255"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/232255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/232256"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=232255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=232255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=232255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}