Bernstein analysts made their forecast regarding the price of Bitcoin and sent it to their clients. According to their estimates, the BTC rate in 2025 will be $200,000, and in 2033 it could reach $1 million
Such optimistic assessments by experts are due to the fact that the demand for spot Bitcoin ETFs will continue to remain at a high level and will persist for a long time.
According to their estimates, large investment funds will manage at least 7% of existing bitcoins by 2025, and by 2033 they will control at least 15%.
Bernstein experts believe that catalysts for further growth in the value of Bitcoin will also be sales from mining companies forced to disconnect their equipment from the network to avoid losses, as well as a reduction in the supply of the first cryptocurrency on the market.
Note that many analysts and companies express similar points of view, pointing out that the BTC rate may indeed exceed several hundred thousand dollars in the next few years.
They differ only in how much the price will increase in the short and medium term. So far, the market situation is such that Bitcoin is trying to test the $70,000 level, but cannot gain a foothold above it.