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Bernstein analysts announced: Demand that will take Bitcoin to a million dollars.
According to Bernstein analysts, the supply squeeze in the market due to institutional Bitcoin investments and ETF inflows could push the leading cryptocurrency to new heights.
Currently, approximately 80 companies hold a total of 700,000 BTC. This corresponds to 3.4% of Bitcoin's total supply. Although the Bitcoin price has pulled back from the 109,000 dollar level seen at the beginning of the year to below 75,000 dollars, U.S. spot Bitcoin ETFs saw net investments exceeding 3 billion dollars last week. This has been the highest investment amount in the last five months.
ETFs currently account for 5.5% of Bitcoin's supply (yaklaşık dolar) 110 billion. Of these assets, 33 percent are owned by institutional investors, 48 percent by investment advisors, and 31 percent by hedge funds. Together, ETF and institutional Bitcoin reserves account for about 9% of the total supply, a sevenfold increase since the ETFs launched in January 2024. Bernstein predicts that Bitcoin could reach $200,000 by the end of 2025, $500,000 by the end of 2029, and $1 million by the end of 2033
Analysts stated, "It is difficult to expect a decline in Bitcoin with the current supply-demand balance." painting a positive picture for Bitcoin in the long term.
Published: April 28, 2025 17:02