Bitcoin Could Reach $1 Million by 2033
Last week, analysts at Bernstein said that Bitcoin has the potential to reach $1 million by 2033, with a projected cycle-high of $200,000 by 2025.
Bernstein’s price forecast for Bitcoin is driven by the unprecedented demand from spot ETFs and the limited supply of the cryptocurrency.
The analysts now estimate that Bitcoin could potentially reach $500,000 by 2029, with the 2025 estimate revised from $150,000.
A number of major corporate investors in Bitcoin, including Microstrategy, have already seen their profits skyrocket.
As per data aggregated by Saylortracker, at current market prices of around $67,000, MicroStrategy’s position now commands a total valuation exceeding $14.59 billion.
MicroStrategy’s successful Bitcoin strategy has also led to other public companies considering adding Bitcoin to their balance sheet.
Back in April, Metaplanet revealed its decision to incorporate Bitcoin into its treasury assets due to several factors.
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