Research Firm Bernstein Makes Important Bitcoin (BTC) Prediction: “By 2029…”

Global corporate treasury investments in Bitcoin ($BTC) could rise to $330 billion by the end of 2029, according to a new research report from brokerage firm Bernstein.

Bernstein’s analysts, led by Gautam Chhugani, predict that public companies will significantly increase their Bitcoin holdings over the next five years, led by MicroStrategy, the largest institutional holder of $BTC. Under Bernstein’s bullish scenario, MicroStrategy could add another $124 billion worth of Bitcoin to its balance sheet.

The company, chaired by staunch Bitcoin advocate Michael Saylor, recently filed for a $21 billion intra-market stock offering aimed at acquiring even more Bitcoin. MicroStrategy also announced last week that it purchased 1,895 $BTC for $180.3 million.

“The pro-crypto regulatory regime in the United States has further accelerated the growth of institutional ownership of Bitcoin,” the report said, citing favorable conditions for institutional participation in digital assets.

Beyond MicroStrategy, Bernstein estimates that smaller, growth-constrained public companies could collectively contribute about $205 billion in Bitcoin purchases as they seek to adopt similar treasury strategies.

Currently, public companies own 720,000 $BTC, around 2.4% of the total Bitcoin supply. However, the report notes that “Strategy’s scale is difficult to emulate,” noting that it would be difficult for most firms to emulate MicroStrategy’s scale and success.

*This is not investment advice.