Bitcoin To Hit $1 Million By 2033, MicroStrategy's Stock Rated Outperform: Bernstein
Portfolio Pulse from Murtuza Merchant
Bernstein predicts Bitcoin could reach $1 million by 2033, with a cycle-high of $200,000 by 2025. The firm also rated MicroStrategy (MSTR) as 'outperform' due to its significant Bitcoin holdings and active acquisition strategy. Bernstein set a price target of $2,890 for MSTR, which closed at $1,484 recently.
June 14, 2024 | 12:57 pm
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Bernstein predicts Bitcoin could reach $1 million by 2033, driven by increasing demand from spot ETFs and limited supply.
The prediction of Bitcoin reaching $1 million by 2033 and $200,000 by 2025 is based on increasing demand from spot ETFs and limited supply, indicating strong bullish sentiment.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Bernstein rated MicroStrategy 'outperform' with a price target of $2,890, highlighting its significant Bitcoin holdings and active acquisition strategy.
MicroStrategy's stock is expected to benefit from its significant Bitcoin holdings and active acquisition strategy, as highlighted by Bernstein's 'outperform' rating and $2,890 price target.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100