Bitcoin can reach $1 million by 2033, analysts at Bernstein claim. This stunning prediction came as a part of the coverage of MicroStrategy, that Bernstein is doing now.
Bernstein analysts state, that MicroStrategy is the biggest holder of Bitcoin right now. The company, led by a prominent Bitcoin maximalis Michael Saylor, now owns 1.1% of the global Bitcoin supply. It's about 214,000 Bitcoin, to be precise, worth approximately $14.59 billion in current prices.
According to Bernstein, MicroStrategy’s active leveraged Bitcoin strategy differentiates it from passive spot exchange-traded funds (ETFs). And might be considered more effective as it has resulted in a higher amount of Bitcoin per equity share.
Analysts predict that by 2025 Bitcoin might reach $200,000. And by 2029 the price can go as far as to $500,000. That alone would be enough to make true HODLers happy. But analysts didn't stop at that point, adding that by 2033 Bitcoin could reach staggering $1 million per coin.
And that might make MicroStrategy a phenomenally rich company, analysts note.
As of now, Saylors's company sits on tremendous unrealized profits of almost $6.5 billion on paper. That reflects a gain of almost 104% yield-to-date from an investment allocation started under Saylor back in 2020.
Further growth of Bitcoin could potentially transform its biggest holder into a true financial giant. With profits over $50-60 billion MicroStrategy could become very influential. And that is a sign of the epic changes that cryptocurrencies are bringing to the world.
