Key Points
- Bernstein projects Bitcoin could attract $330 billion in inflows from corporate treasuries by 2029.
- Bernstein’s outlook is conservative compared to Ark Invest’s projection of BTC hitting $2.4 million by 2030.
Global equity research firm Bernstein predicts that Bitcoin (BTC) could draw $330 billion in inflows from corporate treasuries by the year 2029.
In their note to investors, the analysts stated, “Over the next 5 years (CY25E-29E), we expect listed corporates to allocate ~$205Bn capital for Bitcoin acquisition, led by small-low growth companies, trying to emulate MSTR’s Bitcoin treasury model.”
Strategy’s Influence on Bitcoin
Furthermore, Bernstein pointed out that Strategy, formerly known as MicroStrategy, could draw approximately $124 billion in inflows into BTC. They referenced Strategy’s recent $84 billion capital plan for BTC purchases.
The question arises, how will these projections impact Bitcoin’s price?
Bitcoin Price Impact
Bernstein maintains that BTC could reach a cycle peak of $200K by the end of 2025. Following that, the asset could target $500K by 2029 and rally to $1 million by the end of 2033. However, they also cautioned about a potential one-year bear phase.
Institutional inflows into BTC have been a significant price catalyst since U.S. spot ETFs debuted in early 2024. These products have drawn cumulative inflows of $40.7 billion. In fact, analysts believe the rally from $35K to $74K in 2024 was driven by these massive inflows.
Bernstein’s outlook is more conservative compared to Ark Invest’s bold projection. Ark Invest anticipates BTC to reach $2.4 million by 2030 due to widespread adoption and scarcity.
Despite the bullish long-term outlook, BTC’s short-term recovery is uncertain ahead of the Fed rate decision on the 7th of May. Analyst Mathew Hyland stated that the asset remains in a bullish market structure as long as it stays above $90K.
