While Bitcoin has continued its rapid rise in recent days, some analysts expect the rise to continue, while others continue their cautious approach, stating that the rise may be temporary. As the market dilemma continues, analyst firm Bernstein has predicted that Bitcoin will reach $1 million by 2033. According to The Block, Bernstein analysts said that Bitcoin’s price could rise to new highs due to a “supply squeeze” caused by increased institutional accumulation and ETF inflows. At this point, analysts led by Gautam Chhugani stated that correlations between Bitcoin and other assets are short-term and misleading, and argued that instead of these correlations, exhaustion in retail sales, expanding institutional accumulation race and returning ETF inflows are better indicators to follow in BTC. Analysts began the institutional accumulation race last week, citing SoftBank, Tether, Bitfinex and Cantor Fitzgerald’s new Bitcoin institutional treasury initiative called Twenty One Capital, which has a target of 42,000 BTC, and compared it to MicroStrategy. “Twenty One aims to replicate Strategy’s Bitcoin strategy, albeit with a lower capital base, While Strategy has built a BTC treasury of around $22 billion in 2024 and $8.6 billion across various financial instruments so far in 2025, Twenty One has been argued to be more advantageous, with supporters noting that Tether alone will generate $13 billion from a $148 billion USDT supply in 2024. Regardless, Bitcoin accumulation is becoming competitive.” The analysts also added that around 80 companies currently own 700,000 BTC, or 3.4% of the total supply, with Bitcoin ETFs and corporate treasuries accounting for around 9% of the total supply. US Could Accelerate Bitcoin's Rise! “In our view, the current momentum driven by corporations/institutions is strong enough to push Bitcoin to new highs in 2025. However, a significant purchase of BTC by the US government is certainly not priced in. Furthermore, the US purchase of BTC will trigger competitive accumulation and price appreciation among other nation-states,” analysts wrote. What to Expect for Bitcoin Price? Bernstein analysts recently stated that they predicted that Bitcoin’s price could reach $200,000 by the end of 2025, $500,000 by 2029, and $1 million by 2033 in a bullish wave driven by strong demand dynamics and limited supply. *This is not investment advice. Continue Reading: Bernstein Said "It's Hard to Expect a Fall in Bitcoin From Now On!" Announced His 2025 Price Target!
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