Crypto
Wall Street Analyst Sees Bitcoin Hitting $1 Million by 2033
Wall Street is increasingly optimistic about Bitcoin's future price according to Gautam Chhugani, a senior analyst at Bernstein. He expects BTC to reach $125,000 by the end of 2026 and rise to $150,000 in mid-2027. The more aggressive scenario places Bitcoin at $500,000 in 2029 and $1 million by 2033.
Chhugani's expectations are not limited to these targets. He also predicts that BTC will potentially hit $300,000 in 2029, although this is part of the more aggressive scenario.
No specific reasons or factors were mentioned for why Chhugani expects such significant price increases. However, his views on Bitcoin's future value are a reflection of the growing optimism among Wall Street analysts about the cryptocurrency's potential.