Bernstein analysts expect $200K Bitcoin price by 2025 due to spot BTC ETF flows

Analysts at Bernstein predict Bitcoin price to hit $200,000 by 2025 and $1 million by 2033.

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Financial Giant AllianceBernstein Predicts Bitcoin At $1 Million, Heres When

In an analysis released Thursday, leading global investment firm AllianceBernstein with assets under management worth $725 billion significantly elevated its price target for Bitcoin, predicting the premier cryptocurrency will reach $1 million by 2033. This bullish outlook is underscored by a new wave of adoption via US spot Bitcoin exchange-traded funds (ETFs) managed by heavyweight asset managers including BlackRock, Fidelity, and Franklin Templeton. Bitcoin’s Path To $1 Million In 2033 Analysts Gautam Chhugani and Mahika Sapra from Bernstein outline a detailed scenario where they expect the assets under management in Bitcoin-related ETFs to escalate to about $190 billion by 2025, a substantial leap from the current $60 billion. The report states, “We believe that the US regulated ETFs were the watershed moment for crypto that brought in structural demand from traditional pools of capital.” They highlighted the considerable impact of these funds, which have already funneled approximately $15 billion in net new flows into the market. Related Reading: Bitcoin Stuck: Here Are 2 Things That Must Happen For BTC To Break $72,000 The report extrapolates that by 2025, Bitcoin ETFs will represent about 7% of all Bitcoins in circulation, and by 2033, this figure could rise to around 15% of the total Bitcoin supply. This significant uptick in institutional interest and investment is poised to play a critical role in driving Bitcoin’s price upward. A critical aspect of Bernstein’s analysis is the effect of Bitcoin’s supply mechanics, particularly the halving events. The most recent halving in April cut the block reward for miners from 6.25 BTC to 3.125 BTC, effectively halving the daily new supply from 900 BTC to 450 BTC. According to Chhugani and Sapra, “The halving presents a unique circumstance, where natural Bitcoin sell-pressure from miners declines by half (or even more, as they inventory more in anticipation), while new catalysts for bitcoin demand arise, leading to exponential price moves.” Historically, after halving events, BTC has experienced significant price rallies. The analysts draw on past cycles for context: in 2017, Bitcoin surged to approximately five times its marginal cost of production, then bottomed at 0.8 times in the following year. A similar pattern was observed in the 2021 cycle. Related Reading: Bitcoin Prices Path To $300,000 Cleared By Massive Bullish Pattern, Says Analyst For the 2024-27 cycle, they project a more conservative yet substantial increase to 1.5 times Bitcoin’s marginal cost of production, translating to a predicted mid-cycle high of $200,000 by mid-2025. In the following cycle, Bernstein expects the Bitcoin price to reach half a million US dollars by 2029, before breaking the $1 million mark four years later. Outlook For MicroStrategy In tandem with their Bitcoin outlook, Bernstein also initiated coverage on MicroStrategy with an outperform rating, targeting a price of $2,890 for the stock by the end of 2025. MicroStrategy has become notable for its BTC acquisition strategy, now holding 214,400 BTC, or 1.1% of the cryptocurrency’s circulating supply, valued at approximately $14.5 billion. MicroStrategys aggressive acquisition of Bitcoin, funded through convertible notesa form of long-term debt that converts into stock under specific conditionsdemonstrates a robust investment strategy which the analysts believe offers “limited liquidation risk” due to the already profitable nature of their holdings based on todays Bitcoin prices. They foresee MicroStrategys holdings increasing to 1.5% of the Bitcoin supply by 2025. At press time, BTC traded at $66,946. Featured image created with DALL·E, chart from TradingView.com

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Bernstein: Bitcoin Could Hit $1 Million by 2033

Wall Street firm Bernstein made a bold $1 million Bitcoin price prediction by 2033, touting unprecedented demand and constraints on supply in a new report.

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Bitcoin Set To Gain Over $300 Billion From Companies In Next 5 Years, Analysts Say

A growing number of public firms may begin purchasing Bitcoin in substantial quantities in the next five years, with more than $300 billion potentially entering the cryptocurrency by 2030. Related Reading: TRUMP Token Bloodbath: Whales Lose Big In $8.58 Million Sell-Off That’s what researchers at Bernstein, an asset manager that monitors corporate appetite for Bitcoin, say in a new report. Their estimates hinge on the assumption that additional firms will follow in the footsteps of Strategy’s tactics of retaining Bitcoin as a central component of their balance sheets. Strategy Sets The Tone MicroStrategy, now doing business under the name Strategy, has already made waves with its aggressive Bitcoin buys. The firm now sits with 555,450 BTC. That inventory has cost them approximately $38 billion, with an average of $68,550 per coin. Recently, they purchased another 1,895 BTC for $180 million. Bernstein projects that corporate treasury investments in #Bitcoin could reach $330 billion by 2029, with Strategy (formerly MicroStrategy) potentially contributing $124 billion of that total. This forecast underscores the growing institutional interest in Bitcoin as a treasury Naeem Aslam (@NaeemAslam23) May 5, 2025 Bernstein believes that this strategy gains traction. Its report states companies with sluggish growth and plenty of excess cash could be attracted to Bitcoin as an alternative destination to invest their cash. Between 2025 and 2030, listed firms alone could steer some $205 billion toward Bitcoin. Adding to that is another $124 billion which could be made by companies following Strategy’s systematic blueprint to investment in the top crypto. Treasuries Could Fuel Demand In Bernstein’s words, some movement, no matter how little, would lead to a great impact. This gigantic flow would amount to $190 billion if just 20% of related firms were to transfer 25% of their treasury balance into an investment in Bitcoin. These firms have very low growth and few compelling investment opportunities. That could make Bitcoin simply look good for capital investment for them. Currently, public companies already possess approximately 720,898 BTC, which is valued at almost $68 billion. That’s a significant increase from the 1.3% of the total supply of Bitcoin that they had in late 2023. Today, it’s 3.4%. Private companies are not far behind, possessing approximately 398,323 BTC, valued at a little over $37 billion. Related Reading: BNB Bulls Target $644 As Classic Chart Formation Emerges Increasing Interest And Limited Supply The surge in corporate Bitcoin ownership is occurring alongside evolving regulation and accounting practices. These changes might be facilitating more ease of access for companies to look into Bitcoin with less bureaucratic red tape. Additionally, with fewer coins on the market and easier access to capital, businesses might become the force behind increased demandand possibly even prices. Bernstein cites Strategy’s work in this revolution. The company has developed systems and tools that enable it to continue purchasing Bitcoin, even through challenging market periods. Not every company can follow suit, but the framework exists for others to attempt it. Featured image from Gemini Imagen, chart from TradingView

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Bernstein Analysts Says Bitcoin Will Reach A New ATH By Year End, Heres The Target

Analysts at financial services firm Bernstein are increasing their price expectations for Bitcoin. This follows a revised report in which they boosted their year-end target for the flagship crypto tokens price.  Bitcoin To Hit $90,000 By The End Of 2024 According to a report by CoinDesk, Bernstein analysts Gautam Chhugani and Mahika Sapra have raised their year-end prediction for Bitcoins price from $80,000 to $90,000. Their research report cited the strong Spot Bitcoin ETF inflow and a record mining income as the reasons for this increased bullishness on BTC’s price. Related Reading: Top 3 Solana Meme Coins To Buy Amid The Bitcoin Crash That Could 10x Since launching, the Spot Bitcoin ETFs have recorded an impressive amount of inflows into their funds and have significantly contributed to an increase in BTC’s price. As such, it is understandable why these analysts believe they could still positively impact Bitcoins price in the long run.  Despite miners rewards being cut in half during the Halving event in mid-April, these Bernstein analysts also foresee a record mining income for BTC miners. They believe this would have a positive impact on BTC’s price. Bitcoinist recently reported that Bitcoin Halving could force some miners out of business, paving the way for the remaining miners to enjoy increased revenue.  Meanwhile, Chhugani and Sapra also recently reaffirmed their prediction that Bitcoin will hit $150,000 by mid-2025. They believe that the Spot Bitcoin ETFs will be one of many factors contributing to this massive price surge.  BTC Could Even Hit $150,000 This Year Standard Chartered is another financial institution that revised its year-end target for Bitcoins price. As against their initial prediction of $100,000, they recently stated that Bitcoin could rise to $150,000 by the end of this year. Like Bernstein, Standard Chartered also alluded to the influence of the Bitcoin ETFs as the primary reason for their bullishness on Bitcoin.  Related Reading: Crypto Analyst Says XRP Price Is Headed For $27 As 2017 Pattern Emerges The bank noted in the research report that these investment funds provide a more robust and sustainable positioning for Bitcoin, unlike when the crypto token hit new highs solely based on speculations. Standard Chartered also predicts that BTC could rise to $200,000 by the end of 2025.  Interstingly, they added that an overshoot to $250,000 is likely at some point in 2025 if ETF inflows continue apace and reserve managers buy BTC. These predictions, however, look conservative when one considers Samson Mows prediction that BTC could hit $1 million this year.  At the time of writing, Bitcoin is trading at around $66,200, down over 1% in the last 24 hours, according to data from CoinMarketCap.  BTC bears reclaim control of price | Source: BTCUSD on Tradingview.com Featured image from Yahoo Finance, chart from Tradingview.com

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Analysts Now More Convinced of Bitcoin Reaching $150,000 by Mid-2025

Global asset management firm Alliance Bernstein has doubled down on its bitcoin price prediction of $150K by mid-2025. “These are still early days of bitcoin’s integration into traditional asset portfolios,” the firm’s analysts described, adding that they are “now more convinced” about their $150K price forecast for bitcoin. Bernstein’s $150K Bitcoin Prediction Bernstein analysts Gautam [...]

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Balaji Srinivasan Highlights De-Dollarization Past of Biden’s Top Economist

Former Chief Tech Officer at Coinbase, Balaji Srinivasan, took to Twitter to remind his followers about Jared Bernstein’s earlier stance on de-dollarization. The angel investor sees logic in views that the new White House top economist has now abandoned, on the U.S. dollar’s status as a global reserve currency . Not a Bitcoin Maximalist —

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White House Economist Warns China Wants to Weaken US Dollar’s Reserve Currency Status — Senator Says Biggest Threat Comes From Within

In a congressional hearing, White House economist Jared Bernstein says there’s “some evidence” that China wants the U.S. dollar to lose its status as the world’s reserve currency. However, U.S. Senator Bill Hagerty stressed that the biggest threat to the USD dominance comes from within. China Wants to See U.S. Dollar Losing World’s Reserve Currency [...]

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Binance is Solvent, Liquid, Stable, Unlikely to Fail – Report

Binance's firmness as an exchange was showed last December, when $6 billion worth of funds were withdrawn.

The post Binance is Solvent, Liquid, Stable, Unlikely to Fail – Report appeared first on BitPinas.

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Ethereum Receives Nod Of Approval From Berstein: ETH Price Will Reach $10,000

Global asset management firm, Bernstein has expressed confidence, foreseeing a fairly strong chance of the United States Securities and Exchange Commission (SEC) approving an Ethereum Spot ETF.   SEC Ethereum Spot ETF Approval Imminent In a February 19 research report, Bernstein analysts Gautam Chhugani and Mahika Sapra disclosed that Ethereum, the worlds second-largest cryptocurrency, may be the only digital asset after Bitcoin, to win an ETF approval from the US SEC.  Related Reading: Bitcoin Open Interest Reaches $69,000 ATH Levels, What This Means For Price Following the approval of Spot Bitcoin ETF, many crypto enthusiasts anticipated Ethereum as the next in line for an ETF. However, given the SECs current stance on cryptocurrencies and its previous reluctant acceptance of Spot Bitcoin ETFs, the prospects of an Ethereum ETF have become uncertain.  In the research report, Bernstein analysts predicted the approval timeline for an Ethereum Spot ETF. They emphasized that the presence of notable traditional financial firms, including Grayscale and Franklin Templeton, competing for a Spot Ethereum ETF, strengthens the outlook for its approval.  We think there is a roughly 50% chance of spot Ethereum ETF approval by May, with an almost certain chance of approval within the next 12 months, the Bernstein report read.   Ethereums Roadmap To $10,000 With the potential approval of Ethereum Spot ETFs, Ethereum may witness a significant price increase to levels as high as $10,000.  Prior to the SECs approval of Spot Bitcoin ETFs on January 10, the anticipation surrounding the ETF had sparked a massive price rally for the cryptocurrency. Following the approval and ETF launch, Bitcoin surged to over $45,000 before witnessing a subsequent price correction that pushed it back below $40,000.  Related Reading: Crypto Analyst Reveals Why Shiba Inu Price Will Not Reach $1 Despite the short correction, Bitcoin has been gaining back its momentum, and at the time of writing, the cryptocurrency is trading at $51,998, according to CoinMarketCap. This substantial price increase is largely attributed to the success of its ETF, providing investors with greater accessibility to Bitcoin, and contributing to the cryptocurrencys increased adoption. A similar narrative could unfold for Ethereum following the approval of its ETF. With rising interest from institutional investors and the ETF driving global adoption, the cryptocurrency could potentially attain new all-time highs above $10,000.  In the research report, Bernstein analysts also confirmed Ethereums strong positioning for mainstream institutional adoption. The analysts emphasized the need for the cryptocurrency market to shift its attention to Ethereum, as the cryptocurrency is poised to witness gains following the approval and launch of its ETF. ETH price reclaims $2,900 | Source: ETHUSD on Tradingview.com Featured image from Crypto Briefing, chart from Tradingview.com

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Bitcoin On Track To Replace Gold In 10 Years, Trading Firm Predicts

Bitcoin (BTC) shattered the $100,000 price milestone yesterday, reaching as high as $104,088 on Binance crypto exchange. This historic price action has prompted analysts at the trading firm Bernstein to assert that Bitcoin is well-positioned to replace gold within the next decade. Bitcoin Poised To Outshine Gold Over Next Decade, Bernstein Says In a client [...]

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$200,000 Bitcoin In 2025? $791 Billion Asset Manager Calls It Conservative

Bernstein Research, the esteemed research arm of global asset manager AllianceBernstein, is projecting that Bitcoin will reach $200,000 by the end of 2025. The firm, which manages assets worth $791 billion as of August 2024, labels this prediction as “conservative” in its latest 160-page “Black Book” on Bitcoin. Why BTC Price Will Hit $200,000 In 2025 Bernstein’s report, titled “From Coin to Computing: The Bitcoin Investing Guide,” delves into the multifaceted dynamics propelling Bitcoin’s ascent. The firm underscores the surge in institutional adoption, the burgeoning market for Bitcoin exchange-traded funds (ETFs), and the evolving role of Bitcoin miners in both the cryptocurrency and artificial intelligence (AI) sectors. “If you are a Bitcoin skeptic maybe a limited supply, ‘store of value’ digital asset is not such a bad thing in a world where U.S. debt hits new records ($35 trillion now) and threats of inflation still loom. If you like gold here, you should love Bitcoin even more,” writes Gautam Chhugani, Managing Director and Senior Analyst at Bernstein. Related Reading: Expert Sets $285,000 Bitcoin Price Target Based On Quantile Model The report highlights a significant shift in institutional investment patterns. According to Bernstein, global asset managers now hold approximately $60 billion worth of Bitcoin and Ethereum ETFs, a fivefold increase from $12 billion in September 2022. The firm describes the launch of these ETFs as “the most successful in the history of exchange-traded funds,” noting $18.5 billion in inflows year-to-date since their introduction in January. By 2024 end, we expect Wall Street to replace Satoshi as the top Bitcoin wallet,” the report states. Bernstein attributes this surge to the logistical challenges of self-custody for retail investors. “With institutional players flocking to Bitcoin, ETFs are proving to be the entry point for large-scale investment in digital assets,” the firm notes. Bernstein’s bullish stance on Bitcoin is underpinned by its analysis of market trends and institutional behavior. BTC price has already appreciated by 120% over the past 12 months, with its market capitalization swelling to $1.3 trillion. “With institutional adoption accelerating, we expect Bitcoin to triple from its current levels,” Bernstein projects. The firm anticipates that Bitcoin’s market cap could expand to over $3 trillion by the end of 2025, driven by increased allocations from wealth management platforms, pension funds, and registered investment advisors. The report also suggests that larger financial institutions will play a more dominant role as the market matures. “This new institutional era, in our view, could push Bitcoin to a high of $200,000 by 2025 end,” the analysts write, emphasizing that the forecast is “conservative” given the current trajectory of institutional involvement. Bitcoin Treasury And Mining Another focal point of Bernstein’s report is the growing adoption of Bitcoin as a corporate treasury asset. The firm highlights MicroStrategy Incorporated (NASDAQ: MSTR) as a pioneering example. Led by CEO Michael Saylor, MicroStrategy has allocated more than 99% of its cash holdings to Bitcoin, owning approximately 1.3% of the total Bitcoin supply. Related Reading: Bitcoins Network Fundamentals Turn BullishHere Are The Details “We view MicroStrategy as an active leveraged Bitcoin equity strategy,” Bernstein states, pointing out that the company’s stock has offered superior returns compared to holding Bitcoin directly or via ETFs. Bernstein’s report also sheds light on the consolidation trends within the Bitcoin mining industry. Major players like Riot Platforms (NASDAQ: RIOT), CleanSpark (NASDAQ: CLSK), and Marathon Digital Holdings are acquiring smaller miners, leading to an industry dominated by industrial-scale operations. “Leading US Bitcoin miners are consolidating share and becoming energy infrastructure players,” the report notes. “We expect Riot, CleanSpark, and Marathon to consolidate the Bitcoin mining industry.” Bernstein predicts that these leading miners will control 30% of Bitcoin’s total hashrate by 2025. The analysts further explore the synergy between Bitcoin mining and AI infrastructure. Bitcoin miners are emerging as attractive partners for GPU cloud providers, offering gigawatt-scale energy access and reducing the “time to market” for energizing AI data centers. “Miners present an energy arbitrage opportunity, trading at $2-4 million per megawatt, compared to $30-50 million per megawatt for legacy data centers,” Bernstein observes. Companies like Core Scientific and Iris Energy are capitalizing on this by developing AI data centers alongside Bitcoin mining operations. “Bitcoin miners are evolving into essential partners for AI data centers as they capitalize on excess energy capacity and offer efficient solutions for high-performance computing,” Bernstein states. This convergence not only diversifies revenue streams for miners but also enhances the sustainability and scalability of AI infrastructures. At press time, BTC traded at $67,162. Featured image created with DALL.E, chart from TradingView.com

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Bitcoin forecast to hit $200K by end of 2025: Bernstein

Bernsteins report is the latest in a series of bullish forecasts from institutional market researchers ahead of the November US presential election. 

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Bitcoin did it better: AI search interest on Google reaches fever pitch

Google Trends data reveals that even though AI is the talk of the town, it still pales in comparison to Bitcoin in 2017. In China, it’s a completely different story.

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