That goal for Bitcoin excited me: It’s very ambitious!

In their recent report, Bernstein analysts Gautam Chhugani and Mahika Sapra Bitcoin They revised their price targets for These analysts also outlined the factors they believe could contribute to BTC’s exponential price growth.

Chhugani and Sapra predicted in the report that BTC will top a $200,000 cycle by 2025, and the price will reach $1 million by 2033. Bernstein had previously predicted that Bitcoin would reach $150,000 by 2025. But analysts revised their goals.

Bitcoin took control with the influence of MicroStrategy and Spot ETF

The research firm assumes that Spot Bitcoin ETFs will continue to record impressive demand and that Bitcoin under administration could reach $190 billion by 2025; This is a significant increase compared to the $60 billion BTC that funding organizations currently manage.

In other words, these analysts expect the BTC price to succumb to the dynamics of supply and demand, considering that Bitcoin in circulation will drop significantly as Spot Bitcoin ETFs continue to accumulate valuable crypto tokens for their respective ETFs. Moreover, two Bitcoin halvings are planned to occur before 2033, further reducing the supply for miners and thus supporting the base scenario of BTC reaching $1 million.

These Berstein analysts also began reporting on MicroStrategy with a better rating. They hypothesize that shares of the software company could rise to $2,890 thanks to its exposure to BTC. The rise to $2,890 represents a nearly 95% increase for MicroStrategy shares, which are currently valued at around $1,500.

The research firm stated that MicroStrategy is committed to “building the world’s largest Bitcoin company.” This has paid off so far, with Chhugani and Sapra stating that the software company has transformed “from a small software company to the largest BTC holding company” since August 2020 (when it started accumulating BTC).