Bernstein Sees Bitcoin Reaching $1 Million By 2033

Bernstein's analysts have made a bold prediction for Bitcoin's future price. According to their base case, Bitcoin will reach $125,000 by the end of 2026 and set a record near $150,000 by mid-2027.

In their faster bull case, they see Bitcoin reaching $200,000 by mid-2027 and peaking at $500,000 in 2029. However, both scenarios agree that Bitcoin will reach $1 million by the end of 2033.

The analysts believe this prediction is anchored to the 'debasement trade', which they think will be favored by governments due to rising debt-servicing costs and high interest rates.