Bernstein Sees Bitcoin Hitting $1 Million by 2033 as ETF Assets Reach $190 Billion
Updated
Updated · Forbes · Jul 12
Bernstein Sees Bitcoin Hitting $1 Million by 2033 as ETF Assets Reach $190 Billion
2 articles · Updated · Forbes · Jul 12
Summary
Bernstein forecast bitcoin at $200,000 by 2025, $500,000 by 2029 and $1 million by 2033, arguing institutional demand is building despite the market’s recent slump.
ETF inflows are the main driver: the firm sees bitcoin ETF assets under management rising to $190 billion in 2025 from about $60 billion today, tightening supply against rising demand.
Bitcoin has held just above $60,000 after a broader crypto selloff erased roughly $2 trillion in market value, leaving investors focused on what could break the downtrend.
Regulation is the other potential catalyst, with hedge fund manager CK Zheng saying passage of the Clarity Act could trigger institutional FOMO, though Polymarket odds of approval this year have fallen to 46% from above 70% in May.