Bernstein Puts Bitcoin on Course for Meteoric Price Surge

Global investment bank Bernstein has reaffirmed its bullish stance on Bitcoin, predicting that it will reach $150,000 by mid-2027 and a peak of around $300,000 by 2029. The forecast is driven by the growing trend of investors seeking refuge in scarce assets like Bitcoin due to concerns over currency devaluation and inflationary pressures.

The bank's analysts believe that the current market cycle, characterized by increasing institutional adoption and macroeconomic uncertainty, will continue to support Bitcoin's upward trajectory.

According to Bernstein, the 'debasement trade' refers to the growing trend of investors seeking refuge in scarce assets like Bitcoin as governments and central banks expand money supply and accumulate debt.