Bernstein analysts predict Bitcoin to hit $1 million, here’s when
Renewed flagship crypto forecast comes as the Bernstein initiates coverage of software developer MicroStrategy (NASDAQ: MSTR) stock, the largest corporate holder of Bitcoin, with an “outperform” rating and a price target of $2,890. The price of Bitcoin (BTC) is expected to reach $1 million by 2033 and could hit a cycle-high of $200,000 by 2025, according to popular investment firm Bernstein. “We derive the long-term market premium based on a probability-weighted scenario based on our Bitcoin price model for 2029/2033. Our base case scenario believes Bitcoin would appreciate $200,000 by 2025, $500,000 by 2029, and $1 million by 2033.” Picks for you Solana eyes $1,000 this cycle as an ‘easy target’ 56 mins ago Ripple v. SEC case update a...