$BTC to $300k by 2029? Bernstein just dropped their long-term thesis.
That's a 3-4x from here over 5 years. Not moon-shot territory but solid institutional conviction.
They're probably modeling:
- Continued spot ETF inflows
- Post-halving supply shock mechanics
- Macro liquidity expansion into 2025-2027
Realistic? Maybe. Conservative even.
But remember: these TradFi shops were calling $10k tops in 2021. Take the hopium with a grain of salt and stack accordingly.
That's a 3-4x from here over 5 years. Not moon-shot territory but solid institutional conviction.
They're probably modeling:
- Continued spot ETF inflows
- Post-halving supply shock mechanics
- Macro liquidity expansion into 2025-2027
Realistic? Maybe. Conservative even.
But remember: these TradFi shops were calling $10k tops in 2021. Take the hopium with a grain of salt and stack accordingly.