Financial Giant AllianceBernstein Predicts Bitcoin At $1 Million, Here’s When
Summary
AllianceBernstein raised its Bitcoin price target to $1 million by 2033, citing increased adoption through US Bitcoin ETFs managed by BlackRock, Fidelity, and Franklin Templeton. They predict Bitcoin ETFs will represent 7% of all Bitcoins by 2025 and 15% by 2033. The firm also expects Bitcoin's price to reach $200,000 by mid-2025 and $500,000 by 2029 before hitting $1 million in 2033. Additionally, Bernstein initiated coverage on MicroStrategy, rating it as outperform with a target stock price of $2,890 by the end of 2025. MicroStrategy holds 1.1% of Bitcoin's circulating supply and is expected to increase this to 1.5% by 2025.
