Bernstein Projects Strategy Holdings Skyrocket To 1 Million BTC By 2033
Analysts at Bernstein have made a bold prediction regarding MicroStrategy, now known as Strategy, the Bitcoin proxy firm co-founded by Michael Saylor. They forecast that it could amass over 1 million Bitcoin (BTC) by 2033, potentially positioning Strategy to hold 5% of BTC’s total supply. Strategy Stock (MSTR) Receives ‘Outperform’ Rating Led by analyst Gautam Chhugani, Bernstein’s research note reflects an updated bullish case based on Strategy’s strong Q4 financial results and its recent aggressive Bitcoin purchases. The firm has assigned an “outperform”....
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Wall Street research firm Bernstein has reiterated one of the boldest long-term calls in traditional finance, confirming a $1 million Bitcoin price target for 2033 while materially revising how and when it expects the market to get there. Bernstein Keeps $1 Million Price Target For Bitcoin The latest shift surfaced after Matthew Sigel, head of digital assets research at VanEck, shared an excerpt from a new Bernstein note on X. In it, the analysts write: “In view of recent market correction, we believe, the Bitcoin cycle has broken the 4-year pattern (cycle peaking every 4 years) and is now....
Alliance Bernstein has told its clients that bitcoin has a role in investment portfolios. The head of the Portfolio Strategy team of the firm’s research arm said he has changed his mind about bitcoin after previously stating that it did not have a place in investment portfolios. Alliance Bernstein Recommends Bitcoin Allocation Alliance Bernstein’s Inigo Fraser-Jenkins reportedly told clients on Monday that he’s changed his mind about bitcoin. Once a bitcoin skeptic, Fraser-Jenkins told clients in 2018 that bitcoin had no place in investment portfolios. However, in a note....
Welcome to San Francisco in 2033, where universal basic income and FedGov surveillance pervade and Bitcoin is outlawed.
Hall of Fame investor Richard Bernstein has warned that bitcoin is in a bear market. Richard is the CEO and CIO of Richard Bernstein Advisors. A management fund that manages $4.7 billion and provides investment advisory services to over 10,000 clients. On Monday on CNBC’s Trading Nation, Bernstein was a guest where he talked about […]
The CEO of investment management firm Richard Bernstein Advisors warns that cryptocurrencies are the biggest financial bubble in history. He advises investors to stay away from “bubble assets,” which include cryptocurrencies.
Investment Adviser Sees Cryptos as the Biggest Financial Bubble in History
Richard Bernstein, CEO of Richard Bernstein Advisors (RBA), shared his view on where the crypto market is heading and how investors should approach 2022 in an interview with CNBC Friday.
Bernstein is also the founder and chief investment officer of RBA, an....