#биткоин plus $150 thousand and resumption of purchases Strategy
Analysts at a major brokerage firm have maintained a long-term forecast for the price of bitcoin at $1 million over the next 8 years amid expectations of a weakening US dollar. Bitcoin could reach $150 thousand as early as mid-2027 and around $300 thousand at the peak of the next cycle in 2029, the analysts at brokerage company Bernstein believe. They base this forecast on macroeconomic expectations and the influx of liquidity from institutional investors.
The main argument for the rise is the persistently high interest rates in the US, which creates conditions for growth in the national debt and America’s budget deficit. According to the analysts, this will lead to dollar devaluation, increasing demand for assets with a shortage of supply, including bitcoin.
The experts also identified factors that could potentially prevent bitcoin from falling further sharply. These include crypto-market-friendly regulation, as well as the behavior of institutional and retail investors who are holding and accumulating bitcoin. According to the analysts, nearly 60% of BTC coins have not moved for more than 12 months.
Analysts at a major brokerage firm have maintained a long-term forecast for the price of bitcoin at $1 million over the next 8 years amid expectations of a weakening US dollar. Bitcoin could reach $150 thousand as early as mid-2027 and around $300 thousand at the peak of the next cycle in 2029, the analysts at brokerage company Bernstein believe. They base this forecast on macroeconomic expectations and the influx of liquidity from institutional investors.
The main argument for the rise is the persistently high interest rates in the US, which creates conditions for growth in the national debt and America’s budget deficit. According to the analysts, this will lead to dollar devaluation, increasing demand for assets with a shortage of supply, including bitcoin.
The experts also identified factors that could potentially prevent bitcoin from falling further sharply. These include crypto-market-friendly regulation, as well as the behavior of institutional and retail investors who are holding and accumulating bitcoin. According to the analysts, nearly 60% of BTC coins have not moved for more than 12 months.