Analysts at global asset management firm Alliance Bernstein predict that Bitcoin’s price could soar to $200,000 by 2025, $500,000 by 2029, and a staggering $1 million by 2033. “We believe Bitcoin is entering a new bull cycle,” they stated.
Optimistic Bitcoin Price Forecast
Bernstein analysts Gautam Chhugani and Mahika Sapra shared their Bitcoin price forecast on Friday, focusing on the activities of Microstrategy, a company centered on Bitcoin and software intelligence (Nasdaq: MSTR). They think BTC could hit $1 million by 2033 and see a high of $200,000 by 2025, upping their previous estimate from $150,000.
“We’re revising our Bitcoin price forecast to $200K for the high cycle by 2025 (up from $150K earlier),” they explained, adding:
Our base estimates are: Bitcoin at $200K by 2025… $500K by 2029… and $1M by 2033.
The analysts credit their optimistic forecast to the strong demand for Bitcoin exchange-traded funds (ETFs) on the spot market. “We think regulated U.S. ETFs have been a game-changer for crypto, attracting structural demand from traditional capital sources,” they said. They estimate that by 2025, Bitcoin ETFs will hold about 7% of BTC in circulation, growing to 15% by 2033.
Moreover, Bernstein analysts explained that Bitcoin’s halving creates a unique situation where the natural sell pressure from Bitcoin miners is cut in half or even more as they hold onto more Bitcoin in anticipation. At the same time, new demand catalysts for Bitcoin are emerging, leading to exponential price increases.
