Bitcoin To Emerge As ‘Premier Store Of Value Asset,’ Hit $1 Million By 2033, Says Bernstein
By Benzinga
Bernstein Research forecasts Bitcoin (CRYPTO: BTC) will evolve into the premier “store of value” asset, ultimately supplanting gold over the next decade.
What Happened: The firm’s analysis emphasizes Bitcoin’s growing role in institutional investment portfolios and corporate treasury management, signaling its acceptance as a key player in global financial ecosystems.
“We expect Bitcoin to emerge as the new-age premier ‘store of value’ asset,” stated Bernstein analysts, adding that its integration into multi-asset allocations reflects a maturing perspective among global investors.
The report also anticipates Bitcoin becoming a standard for corporate treasuries, following the lead of companies like MicroStrategy (NASDAQ:MSTR), which holds over $40 billion worth of Bitcoin.
Bernstein highlighted the rapid growth of Bitcoin spot ETFs as a critical driver for mainstream adoption.
Also Read: EXCLUSIVE: Bitcoin Crossing $100,000 Is A ‘Defining Moment,’ Experts Say
Within 228 days of its launch, BlackRock‘s (NASDAQ:IBIT) became the first Bitcoin spot ETF to surpass $50 billion in assets under management.
The report notes that Bitcoin ETFs now account for more than $100 billion in AUM, a figure expected to grow significantly in coming years.
This institutional traction underscores a shift in Bitcoin’s perception, moving from a speculative asset to a cornerstone of modern financial systems.
“The adoption of Bitcoin as a treasury reserve asset is accelerating, aided by favorable accounting guidelines and the success of institutional ETFs,” the analysts observed.
Bernstein projects Bitcoin will hit $200,000 by 2025, driven by its cyclical demand-supply dynamics and diminishing sell pressure from miners following halving events.
The report further estimates Bitcoin could exceed $500,000 by 2029 and $1 million by 2033 as adoption widens and demand strengthens.
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