{"id":624593,"date":"2024-06-14T12:00:57","date_gmt":"2024-06-14T12:00:57","guid":{"rendered":"https:\/\/ktsl888.com\/?p=624593"},"modified":"2024-06-14T11:54:47","modified_gmt":"2024-06-14T11:54:47","slug":"alliancebernstein-bitcoin-prediction-1-million-heres-when","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin\/alliancebernstein-bitcoin-prediction-1-million-heres-when\/","title":{"rendered":"Financial Giant AllianceBernstein Predicts Bitcoin At $1 Million, Here&#8217;s When"},"content":{"rendered":"<p>In an <a href=\"https:\/\/x.com\/TheBlock__\/status\/38756262\" target=\"_blank\" rel=\"noopener nofollow\">analysis<\/a> 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.<\/p>\n<h2>Bitcoin&#8217;s Path To $1 Million In 2033<\/h2>\n<p>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, &#8220;We believe that the US regulated ETFs were the watershed moment for crypto that brought in structural demand from traditional pools of capital.&#8221;<\/p>\n<p>They highlighted the considerable impact of these funds, which have already funneled approximately $15 billion in<a href=\"https:\/\/ktsl888.com\/news\/bitcoin-etfs-witness-18-straight-days-of-inflows-options-traders-eye-100000\/\" target=\"_blank\" rel=\"noopener \"> net new flows into the market<\/a>.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-stuck-here-are-2-things-that-must-happen-for-btc-to-break-72000\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Stuck: Here Are 2 Things That Must Happen For BTC To Break $72,000<\/a><\/div>\n<p>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 <a href=\"https:\/\/ktsl888.com\/news\/942-million-into-bitcoin-80000\/\" target=\"_blank\" rel=\"noopener \">institutional interest<\/a> and investment is poised to play a critical role in driving Bitcoin&#8217;s price upward.<\/p>\n<p>A critical aspect of Bernstein&#8217;s analysis is the effect of Bitcoin&#8217;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.<\/p>\n<p>According to Chhugani and Sapra, &#8220;The <a href=\"https:\/\/ktsl888.com\/news\/when-is-the-next-btc-halving-date-bitcoin-halving-guide\/\" target=\"_blank\" rel=\"noopener \">halving<\/a> 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.&#8221;<\/p>\n<p>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.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-300000-massive-bullish-pattern\/\" target=\"_blank\" rel=\"noopener nofollow\">Bitcoin Price\u2019s Path To $300,000 Cleared By Massive Bullish Pattern, Says Analyst<\/a><\/div>\n<p>For the 2024-27 cycle, they project a more conservative yet substantial increase to 1.5 times Bitcoin&#8217;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.<\/p>\n<h2>Outlook For MicroStrategy<\/h2>\n<p>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 <a href=\"https:\/\/ktsl888.com\/news\/ethereum\/did-microstrategy-mess-up-by-choosing-bitcoin-over-ethereum-analyst-weighs-in\/\" target=\"_blank\" rel=\"noopener \">acquisition strategy<\/a>, now holding 214,400 BTC, or 1.1% of the cryptocurrency&#8217;s circulating supply, valued at approximately $14.5 billion.<\/p>\n<p>MicroStrategy\u2019s aggressive acquisition of Bitcoin, funded through convertible notes\u2014a form of long-term debt that converts into stock under specific conditions\u2014demonstrates a robust investment strategy which the analysts believe offers &#8220;limited liquidation risk&#8221; due to the already profitable nature of their holdings based on today\u2019s Bitcoin prices. They foresee MicroStrategy\u2019s holdings increasing to 1.5% of the Bitcoin supply by 2025.<\/p>\n<p>At press time, BTC traded at $66,946.<\/p>\n<figure id=\"attachment_624611\" aria-describedby=\"caption-attachment-624611\" style=\"width: 3628px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-624611 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/BTCUSD_2024-06-14_12-53-56.png?resize=3628%2C1675\" alt=\"Bitcoin price\" width=\"3628\" height=\"1675\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/BTCUSD_2024-06-14_12-53-56.png?w=3628 3628w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/BTCUSD_2024-06-14_12-53-56.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/BTCUSD_2024-06-14_12-53-56.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/BTCUSD_2024-06-14_12-53-56.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/BTCUSD_2024-06-14_12-53-56.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/BTCUSD_2024-06-14_12-53-56.png?w=2048 2048w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/BTCUSD_2024-06-14_12-53-56.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/BTCUSD_2024-06-14_12-53-56.png?w=1140 1140w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/BTCUSD_2024-06-14_12-53-56.png?w=3000 3000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-624611\" class=\"wp-caption-text\">Bitcoin falls below $67,000, 1-day chart | Source: <a href=\"https:\/\/www.tradingview.com\/x\/BT4J0Vnr\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with DALL\u00b7E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;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, &#8220;We believe that the US regulated ETFs were the watershed moment for crypto that brought in structural demand from traditional pools of capital.&#8221; 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&#8217;s price upward. A critical aspect of Bernstein&#8217;s analysis is the effect of Bitcoin&#8217;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, &#8220;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.&#8221; 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 Price\u2019s 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&#8217;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&#8217;s circulating supply, valued at approximately $14.5 billion. MicroStrategy\u2019s aggressive acquisition of Bitcoin, funded through convertible notes\u2014a form of long-term debt that converts into stock under specific conditions\u2014demonstrates a robust investment strategy which the analysts believe offers &#8220;limited liquidation risk&#8221; due to the already profitable nature of their holdings based on today\u2019s Bitcoin prices. They foresee MicroStrategy\u2019s holdings increasing to 1.5% of the Bitcoin supply by 2025. At press time, BTC traded at $66,946. Featured image created with DALL\u00b7E, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":624597,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[92589,428,656,679,6848,1119,1122,1144],"class_list":["post-624593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-alliancebernstein","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-price-prediction","tag-btc","tag-btc-price","tag-btcusd"],"acf":[],"yoast_head":"\n<title>Finance Titan Bernstein Predicts Bitcoin At $1 Million, Here&#039;s When<\/title>\n<meta name=\"description\" content=\"AllianceBernstein elevated its price target for Bitcoin, predicting the cryptocurrency will reach $1 million by 2033.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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Through his extensive work with ktsl888.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/ktsl888.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Finance Titan Bernstein Predicts Bitcoin At $1 Million, Here's When","description":"AllianceBernstein elevated its price target for Bitcoin, predicting the cryptocurrency will reach $1 million by 2033.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/bitcoin\/alliancebernstein-bitcoin-prediction-1-million-heres-when\/","og_locale":"en_US","og_type":"article","og_title":"Finance Titan Bernstein Predicts Bitcoin At $1 Million, Here's When","og_description":"AllianceBernstein elevated its price target for Bitcoin, predicting the cryptocurrency will reach $1 million by 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